Short Sell position on EURGBP when market opens, expect long shadows so plenty of room for margins.
Entry Price : 0.88236
Stop Loss: 0.88394
Take Profit : 0.88030
Continuing the trend lines, this position will provide a strong profit as long as risk management is taken into consideration.
Will update once position is closed.
Following this uptrend will secure a short buy position in the 60/240 timeframe.
Unless the updated after the US current accounts the position will stand at:
TP: 0.99327
EP: 0.99145
SL: 0.98995
Risk: 1.3
Along with upcoming events the head and shoulders shows a high potential for a secure long sell position against the Yen.
I would sell upon the confirmation of the right shoulder. I will post a clear signal once the shoulder fully forms and continue on the reverse of the trend.
Showing that this coming last quarter of the month is the remaining shoulders of this year of the pair. I believe that there will be at least two positions to instant buy due to the previous months and SMA. I believe that going short on these will provide the best risk management lowest of 1% , if wanting to go long for the duration will mean larger margin effort...
