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courtsantos

EUR/GBP Bearish break of weekly and monthly support

Short
Euro / British Pound (FOREXCOM:EURGBP)  
courtsantos Updated   
FOREXCOM:EURGBP   Euro / British Pound
Trend Analysis Chart Patterns
8
3
trendanalysis chartpattern
Prices have broken through weekly and monthly support, followed by the break of the upward trend line and 50 EMA to the downside. 4hr charts shows a retest of the new resistance, but price respected level.
Comment:
Use the 15min or 30 min charts for a more accurate entry. Possible 60 pip trade, maybe more depending on price action movement over the next 2 to 3 days.
Comment:
Price hit the take profit levels on the 21st
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