FX:EURGBP   Euro / British Pound
43 6 4
EURGBP             could be forming a bullish gartley pattern, price is below Kumo and trend is bearish , so I´m short till 0.71 area. Stop @ 0.7280
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UPDATE : I´m reducing my exposure 90% on this trade and leave small position for residual profits
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The bigger picture.. Trend is bearish indeed, but not for long anymore.
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Thanks for your feedback. I eventually opened a long EURUSD to hedge this position . On EURGBP I lowered stop to 0.7260

+1 Reply
Yahia.Awes Realisto_FX
Long eurusd is a good idea, here is my view on that one. Bearish divergence and RSI hasn't been this high since 1984.. Pretty obvious what might happen now :).
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I concur, if you use log scale for very large timeframes, USD has lost value after every rally , I don´t see why this time should be different. Oh yes, that tiny country called Greece that sucks media headlines and threats to bring the whole system down...
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+1 Reply
Yahia.Awes Realisto_FX
So true.
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