EURGBP Short: Up Against Big Trendline Resistance

Hey traders! We have a big short opportunity with EURGBP. The correction is complete on the 45m timeframe and a rising wedge complete on the Daily TF. I like a sell here on the pullback with SL tightly set above highs. Many targets sit below, including huge downside wedge targets which I will update when the time comes. If stop is hit, we will be aiming for overshoot to sell. Happy trading!

Zlecenie aktywne:

Perfect Pullback. Trade is active.

Komentarz:

Beautiful! SL moved to B/E

Zlecenie zamknięto ręcznie:

Closed at breakeven! So much for that trendline by the way. Likely sitting on the sidelines until news volatility passes. Hope nobody got too burned on the pound selloff. Good luck and happy trading to all!