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BenVickers

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candle engulfingcandle eurgbp euro movingaverage pound short supportandresistance Less Tags Show All Tags
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BenVickers BenVickers EURGBP, D, Short ,
EURGBP: EURGBP Short
30 0 1
EURGBP, D Short
EURGBP Short

So we have just bounced off a weekly resistance point creating a new higher low which is the first sign of shorting this currency pair. Secondly we have a nice engulfing candle which has closed on the breakout of a trendline. Thirdly we have got our first crossover with the MA's. the first initial target should be the monthly support line (RED)

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