KVE
Short

EUR/GBP: Short setup

FX:EURGBP   Euro Fx/British Pound
116 0 6
Up channel ready to break?
Comment: Breakout out of the channel might be ongoing... (we still need the daily candle to close first though). If in from the top keep it, if not I would wait a little or try to get in on a lower TF overbought signal in a retracement to limit the risk...
We are now at the lower BB so if this is just a small retracement it might turn up again:
snapshot
Comment: Possible levels to enter short: 0.8930-35 and 0.8965-70.
Not an advice, just a possible entry...
Comment: Update:
snapshot
Comment: Some reaction at the MA(100) but a good chance that it will break, we'll see...
snapshot
Comment: I think it's best to take (partial) profits now since we might be going up again...
snapshot
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