Honestcowboy

EURGBP Tension at top of range.

Short
Honestcowboy Updated   
FOREXCOM:EURGBP   Euro / British Pound
The EURGBP pair is showing indecision at the top of the range but given the very long term trendline (purple) close to top I see price will go back down. Stop right above previous high in a safe area, this is the moment I would call the range to have transformed into a breakout. TP close to bottom of the range with 1:2 risk to reward.
Trade closed: stop reached:
Mistake was shorting the range tops while it might be better in this situation to long the range bottoms due to all the support that is there to push price higher.

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