genebautista2014
Short

EUR/GBP: Shorting opportunity spotted.

OANDA:EURGBP   Euro / British Pound
24 views
1
24 0
I just saw this potential shorting opportunity.

Scaling back on the daily chart I drew an ascending trendline which was respected twice so thats one confluence check.

Another one is that the trendline bounce zone aligns with a 38.2% retracement level.

I can also see multiple pin bars (if im correct) which is some extra confluences for me to enter this trade.

1 standard lot used.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out