vlad.adrian
Long

EURGBP - Signals for a correction

FX:EURGBP   Euro / British Pound
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5
There is a very strong downtrend going on in this pair, and I expect it to continue a bit more, until it hits or breaks the weekly support level that's coming. For the mean time, I expect a bounce, because price is extremely deviated from the Wave and the MACD histogram has drawn a bullish divergence . I have bought two lots, and I'm going to close them at the targets drawn on the chart. Stop at 0.79065.

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10.07.2014 Closed half of the position close to first target. GBP rate is coming in half an hour, so I will have my stop really tight for the remaining position, with a sell stop for entering a short on this pair.
+1 Reply
ForceFollower vlad.adrian
I went short.
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vlad.adrian ForceFollower
still in it right?
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vlad.adrian vlad.adrian
15.07.2014 closed my second lot a bit below break-even
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I agree. We are still in a downtrend. Look to sell on rallies.
+1 Reply
Yes, I agree with your levels.

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vlad.adrian ForceFollower
:)
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