glennmercer
Short

EURGBP Short: Up Against Big Trendline Resistance

FX:EURGBP   Euro Fx/British Pound
768 8 21
4 months ago
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!
4 months ago
Trade active: Perfect Pullback. Trade is active.
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4 months ago
Comment: Beautiful! SL moved to B/E
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4 months ago
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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Shoot me an email: gmercerfx@gmail.com
StanLeee PRO
4 months ago
Good job sir!
+1 Reply
glennmercer PRO StanLeee
4 months ago
Thanks buddy. Cheers
Reply
manhhung7.do
4 months ago
Been making some nice profit with this one. Thank you!!!
+1 Reply
glennmercer PRO manhhung7.do
4 months ago
You got it bud happy to contribute
Reply
cardie03
4 months ago
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
glennmercer PRO cardie03
4 months ago
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
ntt1411983
4 months ago
Perfect.
Same as my thought...
EURGBP: Expected W(E) correction and double top.
Reply
glennmercer PRO ntt1411983
4 months ago
Nice chart, thanks for sharing
Reply
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