michael6malone
Short

I am shorting to 86.33 with a stop at 86.81.

FX:EURGBP   Euro Fx/British Pound
38 0 1
2016Sep23 I am shorting to 86.33 with a stop at 86.81.

The stop is 10 pips above the previous candle's high. My target falls on the 38.20% fib retracment level.

The RSI is in an overbought state.

The pair has been stepping higher for some time. Each retracement has reached to at least the 38.20% fib level.
Comment: Wow the EUR is on a tear today. If I lose this trade I will wait until next week and see if the enthusiasm has faded.
Comment: Failed.
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