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Jade-Capital

EUR/GBP 4H Wedge Trade (Feb 27, 2017)

Short
Euro / British Pound (OANDA:EURGBP)  
Jade-Capital Updated   
OANDA:EURGBP   Euro / British Pound
eurgbpshort eurgbpsell euro pound sterling
6
0
eurgbpshort eurgbpsell euro pound sterling
The Euro has been losing ground across all of its pairs. With UK yields at a possible area for a buy I'm assuming a short position on the Euro / GBP cross. There are multiple layers of confluence on this trade which stack in my favor of bearishness. Pivot area, .85000 whole level, bearish engulfing bar, fib retracement, etc.

Possible 3R
Comment:
Closed this one for a small 10 pip gain. Not much momentum on this one.
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