Technician

EURGBP: A New Short At Channel Ceiling!

Short
FX:EURGBP   Euro / British Pound
24
*Update: Stopped out
------------------------------------------------------------------------------------------------------------------------------------------------------------I have shorted the pair again near the descending resistance of the short term falling channel , the price printed a pin bar at 0.7920 horizontal resistance. Hope this one goes as anticipated following a few bad trades..


Best of luck. Join me at https://twitter.com/thefxchannel
Also at my Facebook page http://www.thefxchannel.com
My best regards,
Technician

==================================================================
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 I move stop loss to breakeven.
6) If 90 percent of first target is reached without triggering entry I cancel the trade.
7) Remember: Losing is a main part of the game

For More on this idea and other ideas visit me @ https://theforexchannel.com