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pasojov

EURGBP - Shooting star rejection of a level

Short
Euro / British Pound (FX:EURGBP)  
pasojov Updated   
FX:EURGBP   Euro / British Pound
Candlestick Analysis Fibonacci Support and Resistance EURGBP eurgbpshort eurgbpsell shortsetup Shooting Star Fibonacci Retracement euro pound
4
0
candlestick fibonacci supportandresistance eurgbp eurgbpshort eurgbpsell shortsetup shootingstar fibonacciretracement euro pound
EURGBP has accelerated today off the back of a stronger euro and a weak pound. Price is now overextended above the upper BB band and has given us this shooting star before closing back just above the 0.236 level.

I would like a better R:R than this current setup, but the 4 touch resistance is likely to act as strong support.

See entry and exits on the chart. Stop above the high, exit at nearest support.

Happy trading:) follow for more
Trade closed: target reached:
There might be 2 pips in that TP hahahaha
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