Technician
Short

EURGBP: Long-legged doji at Resistance #forex

FX:EURGBP   Euro Fx/British Pound
1693 10 22
Simply stated i am looking to short a bit higher on one more retest towards 0.7287 resisance level.
The price was rejected at that resistance, formed a long legged doji candle. RSI in overbought region while over all trend is bearish .

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Trading Criteria:
1.Trades are taken in two units
2.First unit would be closed at first target
3.Stop loss is then moved to break-even
4.Second unit would be closed at second target
Notes:
5) If 90 percent of first target is reached without triggering entry I cancel the trade
6) If 90 percent of first target is reached I move stop loss to breakeven.
7) Remember: Losing is a main part of the game
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Technician
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Burrmarket
2 years ago
No breakout to .74 in your mind? This looks like bullish accumulation. The GBP is doomed....
Reply
Technician TOP Burrmarket
2 years ago
Could be the case on the longer run, but in the very near term i am looking for a quick short.
+1 Reply
Burrmarket Technician
2 years ago
+1 thank you!!
Reply
Technician TOP Burrmarket
2 years ago
Ofocurse this a bet and nothings guaranteed :)
Reply
Burrmarket Technician
2 years ago
Spoken like a true professional.
Reply
Technician TOP Burrmarket
2 years ago
Thanks
-1 Reply
MuathAlBulbul
2 years ago
I missed this one for sleeping! BUMMER!
Reply
rv
2 years ago
nice1 Tech.
Reply
No_more_Post
2 years ago
EURGBP
KungsomTrader
Reply
MuathAlBulbul
2 years ago
Almost reached the top line of the channel, prepare your selling orders!
Reply
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