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KVE
Nov 2, 2016 8:13 PM

EUR/GBP: Short setup Short

Euro Fx/British PoundFXCM

Description

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:

Comment

Possible levels to enter short: 0.8930-35 and 0.8965-70.
Not an advice, just a possible entry...

Comment

Update:

Comment

Some reaction at the MA(100) but a good chance that it will break, we'll see...

Comment

I think it's best to take (partial) profits now since we might be going up again...
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