-Andrew-

EURGBP - What Goes up must come down - Short

FX:EURGBP   Euro Fx/British Pound
This pair has broken out of an ascending channel . Grey box is the key level where price will probably retest the broken structure. Confirm rejection to short

Always apply money manaagement

Comment: Trade active
Comment: SL 0.86816
Comment: Updating this at real time

Entry and SL shown on the chart.

PLAN A: Shorted at retracement (placed a sell limit order), and it spiked up. Strategically placed my SL if this doesn't work.

PLAN B: Would be to short at the Monthly Resistance - Psychological Rd No (where it would also touch the upper ascending trendline.

A more conservative approach is to short below the black dotted line
Comment:
snapshot
Comment: Retracement was rejected at the 0.618 Fib level

snapshot


SL placed above
Comment:
snapshot


Minor rejection of the 4hr candle

In the red of 14 pips
Trade closed: stop reached: -100 pips SL (2 Positions)
this is a great trade but taking soooooo long to drop .
Reply
Dropped
Reply
sl???
Reply
it hit the rejection area
Reply
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