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EUR-GBP-SELL

*Update* EURGBP downtrend, indecision candlestick to blameIn EURGBP, we are still holding the sell position in 200+ pips. Currently, price broke a key area and now pulled back towards that key area and if we can get the daily closure below the key area, we'll still continue holding the sell. Trust the analysis and hold. Let's goooooo Original analysis: EURGBP forming an indecision candlestick on the daily chart at the two-year high, very very good confirmation for the sell long term. We'll enter sell positions if price holds it's own. EURGBP SELL Start: 0.92900 Stop loss: 0.93400 Take profit: 0.90000
Short
by mrleh
EURGBP - SELL ROAD MAP! EURGBP SELL SET UP - EG has been on a huge bullish move since May with no sign of slow down. Now the market is reaching a v ery strong resistance zone that has in the past held up very well and pushed the market down. Sell zone is 20 pips , so within that zone looking for possibles wicks entering that zone. Followed by a rejection in that zone. If the candle continues further into that zone. We will be looking for a potential slow down of the candle. Or the next bearish candle formation to indicate for the sell to begin. TP 1 - 110 pips TP 2 - 230 pips TP 3 - 330 pips TP 4 - 450 pips. I don't normally have a TP4 in place. But due to rejection in the past, the market has found support there. To be safe i have placed TP4. Long term trade - 560 pips Blue support trend line is daily.
Short
by Freedom_Traders
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