Potential short EURGBP trade

FX_IDC:EURGBP   Euro / British Pound
25 0
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.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out