Euro / British PoundShort
EUR/GBP Short
Updated
1 Month
Monthly key level has been tested a few times, showing a lot of rejection.
1 Week
bulling engulfing at the same Monthly support level .
1 Day
Lower highs have been formed and also rejection of the trend line .
4 Hour
I have previously traded on this pair but got hit by news event which stopped me out. This time the market has formed a shooting star at fib line 78.60% indicating a reversal to carry on the down trend.
i have placed my stop loss a lot higher this time around to compensate for the next news event today at 1800.
Monthly key level has been tested a few times, showing a lot of rejection.
1 Week
bulling engulfing at the same Monthly support level .
1 Day
Lower highs have been formed and also rejection of the trend line .
4 Hour
I have previously traded on this pair but got hit by news event which stopped me out. This time the market has formed a shooting star at fib line 78.60% indicating a reversal to carry on the down trend.
i have placed my stop loss a lot higher this time around to compensate for the next news event today at 1800.
Note
Take Profit moved to 0.84524 for 117 Pips Profit.
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.