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nikkomvrtin

EURGBP Short

Short
Euro / British Pound (FX:EURGBP)  
nikkomvrtin Updated   
FX:EURGBP   Euro / British Pound
Technical Indicators Trend Analysis Chart Patterns
3
4
indicator trendanalysis chartpattern
EURGBP has tested a major resistance around 0.8921... It has retested this point already 4 times and failed to break out! On the H4 chart, a rising wedge can be seen forming...

Enter around 0.8915-0.8920

SL: 30 pips
TP: 75 Pips

Trade with proper risk management!
Comment:
extra confirmation to go short if EMA 5 (blue) crosses under the EMA 12 (green line) and the Parabolic SAR appears above the closing candle!
Comment:
If youre in the trade, keep holding because BEARISH FLAG is forming :)
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