Down goes EUR/GBP and I follow

EUR/GBP pair broke below 0.79 and the 15-minute chart forced me to enter into short position..

EURGBP m15 (02-25-2016 1821)

I see a bearish break from sideways channel or triple top or whatever else one might call it.

The target would be the height of the channel, which means 0.7857 and I shall place stop on 15-min closing basis above 0.79 handle.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s