EUR.GBP - High-Test Candle @ Daily Descending Trendline Short

Euro Fx/British PoundFXCM

Description

⋅ Feb 6, 2018 11:41 PM

Currency Pair: EUR.GBP
Time Frame: Daily, 4hr, 1hr & 5min
Predicted Direction: Short

Live EUR.GBP updates will be available in the comments section below.

The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
Should my daily predicted direction be incorrect no trade opportunity will be generated.

Comment

⋅ Feb 7, 2018 12:36 PM

A trading opportunity would still be available should we break the 1hr ascending trendline and 50EMA

Comments

cals

⋅ Feb 7, 2018 4:25 PM

converter my longs to short when this idea was published yesterday

UnknownUnicorn180388

⋅ Feb 7, 2018 4:31 PM

@cals, I hope it was a good idea, keep up the great work.

cals

⋅ Feb 7, 2018 4:45 PM

@tomhall, you too mate

PLAYER_ONE

⋅ Feb 7, 2018 4:07 PM

Pull-back seems to be underway

UnknownUnicorn180388

⋅ Feb 7, 2018 4:30 PM

@PLAYER_ONE, It's is indeed, i still require a lot more information prior to shorting, but off to a good start.

lancyds

⋅ Feb 8, 2018 1:46 AM

Hi Tom, a trading friend of mine recommended you. How do I follow you?

mustard

⋅ Feb 7, 2018 7:24 PM

I'm actually looking for a long entry for a completion of wave 5 on my 60m chart and more upside if it breaks through 0.9000.

I still see a potential bullish H&S pattern, looking for a dip to 0.8800-0.8835 first.