This trading idea is looking at two shorting zones.
The first idea is a break of the yellow channel to the downside with a Target price near the 200 MA (blue line / moving average).
The second possible area for a short is at the top the yellow trend channel with a target price 1 being the point when the EURGBP retraces back towards the lowerside of the channel. Target price 2 being the 200 MA.
I would trail with stops once target price 1 is achieved. At that point stops moved and trailed from break even.
Trailed stop and 0.70892, locked in some nice profit.
nick.harrington
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The price moved into the first SELL ZONE on Friday (which was a surprise)... I have moved the STOP LOSS to a a small profit and going to leave it to run now .