Domsax48
Short

EURGBP back into channel

FX:EURGBP   Euro / British Pound
This market has been ranging for months and no sign of termination here, albeit recent bullish move widened the channel a bit. Yet now the channel top has been rejected with a classic bearish pinbar , a short is my choice here.
Comment: Reversed at the 88 level. I'm still in but a daily close above 0.885 will make me close it I suppose.
Comment: It's taking longer to unfold, but looks like a double top / h&s...
Comment: Stop loss hit by spike. Setup invalid, this pair is moving in a higher range now, and does not produce good signals at the moment.
Trade closed: stop reached

Comments

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