Get started
glennmercer

EURGBP Short: Up Against Big Trendline Resistance

Short
Euro / British Pound (FX:EURGBP)  
glennmercer Updated   
FX:EURGBP   Euro / British Pound
21
8
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.
snapshot
Comment:
Beautiful! SL moved to B/E
snapshot
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!
snapshot
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.