EURGBP Short - I'm In

FX_IDC:EURGBP   Euro / British Pound
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).

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!
H&S are 80% of the time a trap in my experience, in FX.
I would have thought it would weigh more on the euro.
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.
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.
Also short on this, but then on 8 hour tf.
Piet.Hein Cenotaph
very good entry point congrats!
Cenotaph Piet.Hein
Yea thanks, from your idea looks it might take it further. Cheers :)
Piet.Hein Cenotaph
I hope so ;)
Very nice analysis with a simple risk management plan, Piet. Thanks
I am always learning from your analysis.
Piet.Hein HumphreyNR
Thanks, very nice to read that, if you want some tips call me on the chat
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