Decision time for EURGBP

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Short

Euro Fx/British Pound (FX:EURGBP)

FX:EURGBP Euro Fx/British Pound

Price has so far respected the mini trendline but it's running out of space. If it does not break the trendline of the hourly channel, we can expect price to drop into the lower 4H trendline (or even below).

Comment: Price has breached the mini trendline. Let's see if it continues downwards. Hope short entries were made at the top of the mini trendline!

Trade active

Comment: Optimized position at the bottom of the mini hourly trendline (T1). Might retrace back to the top of the hourly trendline.

Trade closed: target reached: Will update this chart momentarily.

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