EURGBP SHORT DAILY HEAD AND SHOULDER PATTERN
Hi traders:
Excellent opportunity to short EURGBP for three different targets! I am planning to
hold this trade for medium to long term depending on price action.
Enter the SHORT position @0.8695 as the 4 HR chart hit previous resistance area of 0.8700,
0.618 fib retracement, formed high test candle then dropped, now looking for a short of the
main pivot, 0.8700 level
Target 1: 0.8600 (2.37% Profit)
Target 2: 0.8465 (5.75% Profit)
Target 3: 0.8350 (8.62% Profit)
Thank you for your support and feedback.
Trade: #9 (2017)
Date: 01/11/2017
Time: 11:00 GMT
Excellent opportunity to short EURGBP for three different targets! I am planning to
hold this trade for medium to long term depending on price action.
Enter the SHORT position @0.8695 as the 4 HR chart hit previous resistance area of 0.8700,
0.618 fib retracement, formed high test candle then dropped, now looking for a short of the
main pivot, 0.8700 level
Target 1: 0.8600 (2.37% Profit)
Target 2: 0.8465 (5.75% Profit)
Target 3: 0.8350 (8.62% Profit)
Thank you for your support and feedback.
Trade: #9 (2017)
Date: 01/11/2017
Time: 11:00 GMT
Note
Multi time frame analysis:Trade closed: stop reached
4 HR above key resistance level of 0.8700, and previous tops, result: 1% loss. Date: 01/12/2017
Time: 17:00 GMT
Note
Another opportunity to sell: 
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Related publications
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.