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maccabean

Trade of the day. Sell EURGBP. Perfect break below trend set up

Short
Euro / British Pound (FX:EURGBP)  
maccabean  
FX:EURGBP   Euro / British Pound
tradeoftheday
2
0
tradeoftheday
The break below the upward trending line is good enough of a signal to enter into a short position, however if you add to this a fall into the channel from overbought levels, plus a possible impending MACD crossover, you have a very good selling signal.

The best time to enter might be once the price falls below 0.76.

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