Signal_Centre
Short

EURGBP - Possible topping formation

FX:EURGBP   Euro / British Pound
EURGBP - Intraday - We look to Sell at 0.9230 (stop at 0.9260)

Trades at the highest level in 23 months. Selling posted in Asia. Price action has posted a bearish inverted Hammer and is negative for short-term sentiment. Bearish divergence can be seen on the 4 hour chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower. The rally has posted an exhaustion count on the intraday chart. Further downside is expected and we prefer to set shorts in early trade. There is scope for mild buying at the open but gains should be limited.

Our profit targets will be 0.9102 and 0.9070

Resistance: 0.9230 / 0.9249 / 0.9300
Support: 0.9102 / 0.8960 / 0.8938
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Im on this trade and ita going every strong.currently sitting with £735 profit letting it run.how are you getting on
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@Jay89green, Well done Jay .....
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@Jay89green, all good here. Keep up the good work
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Jay89green Signal_Centre
@Signal_Centre, ive taken part the profit left the rest running its pulling back now london as opened.ready for the big move dowwn hopefully 👍
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