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ImreSG
Sep 17, 2018 1:20 PM

EURGBP /H1 /TRIANGLE Short

Euro Fx/British PoundFXCM

Description

Close 50% of your trade when we reach TP1 and move your stop to the entry point
Comments
MzingayeNkala
Hi there i am new to forex what make you think that the best option is to short? is it because the market is in a down trend?
ImreSG
@MzingayeNkala, Hi, thanks for commenting. This is a trend continuation pattern known as a triangle. We are shorting in this case because the trend is currently bearish, and the completion of this pattern (The break and close below the support line of the triangle) is a good indication that the trend will now continue.
NateTheGreat7
Looks good!
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