Short

EURGBP_short setup

Updated

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

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