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Euro / British Pound
Short

Selling the breakout on a downtrend

By g4av1n
Updated
EURGBP is below the 200 & 50 ema on both the hourly and 4 hour. Additionally, it has just rebounded off of the 50 ema on the daily chart. A break and retest of the trend line nearly confirms the breakout for me. I will just be waiting for two more solid closes on the one hour or another bearish close below on the 4 hour.
Trade closed manually
Chart PatternsEUREURGBPGBPTechnical IndicatorsTrend Analysis
g4av1n

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