memit
Short

EURGBP Short Daily/H4

OANDA:EURGBP   Euro / British Pound
This is a EURGBP short I am looking at. The daily broke out of a bear flag with two strong bearish days, then printed an inside candle on the daily which shows on the H4 as a pullback to the 8ema. Prices on the daily haven't yet reached the lower band so I am in favour of going short on the break of the H4 pullback trandline, as apposed to waiting for the daily to make a pullback to the green resistance which I have also plotted on the charts. TP is a measured move objective of the last impulsive move down which takes us nicely to some weekly support.
Nov 16
Trade closed: target reached
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