glennmercer
Short

EURGBP Short: Up Against Big Trendline Resistance

FX:EURGBP   Euro Fx/British Pound
768 8 21
Hey traders! We have a big short opportunity with EURGBP             . The correction is complete on the 45m timeframe and a rising wedge complete on the Daily TF. I like a sell here on the pullback with SL tightly set above highs. Many targets sit below, including huge downside wedge targets which I will update when the time comes. If stop is hit, we will be aiming for overshoot to sell. Happy trading!
Trade active: Perfect Pullback. Trade is active.
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Comment: Beautiful! SL moved to B/E
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Trade closed manually: Closed at breakeven! So much for that trendline by the way. Likely sitting on the sidelines until news volatility passes. Hope nobody got too burned on the pound selloff. Good luck and happy trading to all!
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Good job sir!
+1 Reply
Thanks buddy. Cheers
Reply
Been making some nice profit with this one. Thank you!!!
+1 Reply
glennmercer PRO manhhung7.do
You got it bud happy to contribute
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Thankyou. Its going down now, do you think this will be the counter trend link break we are waiting for or will it go back up to new heights?
+1 Reply
Judging by wave count, there is a good possibility of this being the high for quite some time. However, we have NFP tomorrow. I have my SL set to B/E and a big bearish target. Cheers
Reply
Perfect.
Same as my thought...
EURGBP: Expected W(E) correction and double top.
Reply
Nice chart, thanks for sharing
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