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Marco_it972

EURGBP potential SELL setup

Short
Euro / British Pound (SAXO:EURGBP)  
Marco_it972 Updated   
SAXO:EURGBP   Euro / British Pound
Trend Lines EURGBP eurgbpshort eurgbpsell
8
1
trendline eurgbp eurgbpshort eurgbpsell
Confirmed DOWN structure. The WAVE is now under RETRACEMENT.
Wait for counter-trendline break (yellow line) after the price has hi resistance level.
After counter-trendline break confirmation on the 2H timeframe, SELL.
Stop loss above last structural LOW level. Take profit just before next resistance/pivot point (dash green line).

Good luck!
Trade active:
Counter-trend line break confirmed on 1H time frame
I'm in
Comment:
Good, we are in profit of about 90 pips right now.
Fibonacci retracements (classic) say that the a good profit target should be put a 0.87267
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