eganon69

EUR:GBP SHORT. Multiple Time Frame show same setup. 3.67 R !!!

Short
FX:EURGBP   Euro / British Pound
Weekly Chart, Daily, 8 Hr , and even smaller time frames all show a SHORT here. When you take a step back and look at the WEEKLY time frame there is a very clear BEARISH Divergence and DOWNTREND on MACD as well as MACD curling lower and about to break below ZERO Line on Weekly Time Frame. Notice for those interested that Daily, and 8 hr show nearly the same exact setup.

SHORT Entry = $0.89439, SL = $ 0.911 and TP = $ 0.83350. This is a 3.67 R trade.
Trade active: Entry at Market open SHORT EURGBP = 0.89576. Entry listed above was a LIMIT order. Fill was actually slightly better than 0.89439 listed above in original post.
Trade closed: stop reached: NO one seems interested in this trade but I closed it recently. Out at a substantial profit.

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