Trader_97
Short

EUR/GBP SHORT TRADE SETUP

FX:EURGBP   Euro / British Pound
14 0 0
Looking for a near term short trade on Eur/Gbp             . Overall seems like a nice setup but the pair has found resistance early on.We haven't even retraced 0.236% of the move just yet which seems a bit unsettling but we have broken out of the medium term bullish channel which is one of the key factors here and current day candle shows that sellers took control just below the previous support turned resistance area of that channel , The candle itself looks to be a good factor here to look for a short here since it has engulfed yesterday's move higher.I'm looking for a target at 0.6928-40 area with a stop just above the 0.7080 area.We also have a cross over of 100 day SMA and 50 day EMA which is a good enough indication that the trend has shifted back to Bearish
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out