Piet.Hein
Short

EURGBP Short - I'm In

FX_IDC:EURGBP   EURO / POUND STERLING
824 18 45
All informations on the chart, good luck if you take it!
Trade active
Comment: The week closed with a nice hammer, my confidence is growing on this trade, really looks like a short term reversal (to around .75)
Comment: Today’s horrifying attack in Brussels will weight on GBP, now I would look for an upward breakout, I should buy it (if it happens probably this trade will be a loss).

http://www.fxstreet.com/analysis/indices-insider/2016/03/22/02/
Comment: Still in the trade after todays high, but as I said on the previous comment, it now is likely to breakout upwards.
Trade closed: stop reached: Too tight... Good to learn, never enter on a possible setup, wait confirmation!
In my opinion this is not bearish yet. It needs one more good down bar in order to be bearish. I think it's more likely to make one more "surprise" high before falling. I have a chart of the three drives pattern which I'll be looking for. I think it's a good sell after one last push higher.

snapshot

+1 Reply
Piet.Hein kosai19
Nice mate, thanks for share your view, please if there is this pattern, when completed post here to keep me updated with your analysis.
+1 Reply
I'm in too! One to one bearish on weekly;
+1 Reply
Piet.Hein marcus123
Lets make it! Good luck :)
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i am in i agree with piet's analysis hoping for euro to fall by tonite (trendline broken and tested )
+1 Reply
michaelakeju aimen.abbasi.16
Hi Piet.
Very different approach to mine in terms of analysis but same conclusion.
I am short from a bit higher than you though.
Good luck and lets see what happens

best wishes
+1 Reply
Piet.Hein michaelakeju
I like it very much, we all can see different things on the chart and have the same conclusion, as much as see the same thing and have different opinions! hahahah very cool. Thanks, good luck and congrats for taking it higher :)
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Piet.Hein aimen.abbasi.16
thanks, good luck mate :)
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Very nice analysis with a simple risk management plan, Piet. Thanks
I am always learning from your analysis.
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Piet.Hein HumphreyNR
Thanks, very nice to read that, if you want some tips call me on the chat
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Also short on this, but then on 8 hour tf.
snapshot
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Piet.Hein Cenotaph
very good entry point congrats!
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Cenotaph Piet.Hein
Yea thanks, from your idea looks it might take it further. Cheers :)
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Piet.Hein Cenotaph
I hope so ;)
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I would have thought it would weigh more on the euro.
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these things can weigh on many currencies, but if there wasn't the Brexit, would weigh more on EUR for sure - it will weigh on EUR, but now GBP is fragile again.
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Marvin Piet.Hein
Indeed it is. And I'm long cable in several trades. I'm hanging on to them as I think post Brexit it will rise. All the best.
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H&S are 80% of the time a trap in my experience, in FX.
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