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amanpaulbhogal

Sell sign on EUR/GBP

Short
Euro / British Pound (FX:EURGBP)  
amanpaulbhogal  
FX:EURGBP   Euro / British Pound
Inside Bar Support and Resistance 786 Fibonacci Retracement 50ema-rejection Trend Lines Parallel Channel stochastic-hidden-divergence rsi-convergence stochastic-convergence Fibonacci Cluster
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insidebar supportandresistance 786fibonacciretracement 50ema-rejection trendline parallelchannel stochastic-hidden-divergence rsi-convergence stochastic-convergence fibonaccicluster
Using the following to back a short entry on EUR/GBP on the daily chart:

- inside bar
- resistance at ~0.7120
- mother candle rejects:
- 50 ema and closes below
- 0.786 Fibonacci level and closes below
- Fibonacci cluster
- falling trend line for the 4th time closing within the downward trend channel
- Stochastic hidden bearish divergence (comparison of swing highs), and Stochastic and RSI convergence

entry - below low of inside bar
stop loss - above high of mother bar
target - previous swing low or lower
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