EURGBP
Sell 50% @ Market (0.8430)
Sell 50% @ 0.8470
SL @ 0.8505
TP @ 0.8300
As with Tuesday’s order to sell the cross, the charts still look heavy, so really just jumping back in to reinstate the previous short position.
If, as I suspect, we are building a head and shoulders (daily chart above), we are either about to see a big move higher in Cable or a decent move lower in the Euro. Or both!
This order is only good for entry purposes until 5.00 pm NY time today
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