EURGBP short setup

FX:EURGBP   Euro / British Pound
Heading into new trading week we can position ourselves on a nice short in EURGBP . In recent days we've been testing couple of Moving Averages as you can see the blue and green lines. We could not go back higher with failed breaks. Zoom out to see the Fibonnaci levels (respect them while trading). Trade profit at around 0,84. Stop loss if we get a close daily candle above the 100 bar daily Moving Average. Be patient, I believe we can get even lower but one thing at a time. Good luck
Trade closed: target reached: Target CLOSED = Profit Made


Hi., It is very good set up i think .,
+1 Reply
Aerdynamik mehadnokia
@mehadnokia, Thanks, given the current market sentiment and fundamentals I believe we can do it. The Risk - Reward ratio is also quite satisfying so even if I am wrong I believe it's worth to give it a shot.
We were doing nicely but yeasterday a big reboud to 0,8553. Now attacking the 1 hour 100 bar Moving Average. Watch this level (if we close above we are more bullish, if below we are bearish.