EURGBP_short setup

Hello fellow trader,

A short setup at the current price for EURGBP.
I will add follow up and explanation to this pair, intraday only.
Trade well!

Trade active

My short at the current price for EURGBP based on three reasons: 1) An extension to fibs 1.618 is fulfilled,
2) No further higher highs is made
3) stagnation of price zone at a retracement of 0.382.
Short term decision: short with a very lower risk (around 15 pips)

Note

good time now to move the short position for EURGBP now to the entry point, trailing start as planned.
Alternatively t/p can also taken a part from here.

Trade closed: stop reached

What for a news, and experiences we experienced, GBPUSD up but EURGBP has also been raising :)

Hope that we were getting out of the markets yet in time with little profit.
Trade well and see you next week.

DrFaust_Official

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

DrFaust_Official