KamalFX
Short

Potential short EURGBP trade

FX_IDC:EURGBP   Euro / British Pound
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We have a situation here where a previous support line is now acting as a resistance line. Initially we witnessed a strong bullish trend followed by an indecision candle and then a bearish confirmation candle. I have executed a short trade and have set my 1st target around the 0.70450 level. If price reaches my 1st target I will close out half of my position, securing myself around 80 pips. I will then set my stop loss at break even and aim for another 40 pips.
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