vlad.adrian
Short

EURGBP - Bullish divergence over, safe to short

FX:EURGBP   Euro Fx/British Pound
177 1 4
I forgot to link my previous idea, anyway, I proposed a short a couple of weeks ago, and I had exited that position on breakeven because we had a bullish divergence . Now, this divergence played out, and the pair returned to value, and made a false breakout. I believe there is more room to the downside. If, at the previous low, there won't be another bullish divergence formed, I expect this pair to move further down. Target is taken from the weekly chart. I have a soft stop on this trade.
weekly here
snapshot
closed on 13.08.2014. I was wrong
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