mymentortv

EUR Pound short and the reason why

Short
FX_IDC:EURGBP   Euro / Livre Sterling
Good evening everyone

SO currently I am in this trade shorting the reasons why are the following:

If you look at the weekly and daily sellers where my stop is sellers are showing their strength in pushing this market down

engulfing candle followed by a daily confirmation of breaking down towards lower lows


Conclusion: My target is either tps at the same time we will need to watch how this market reacts to the tp :
Either the Euro shoots through the tps and goes down further or we go back up after hitting the tps

Any feedback I am all ears and looking forward to any questions you may have
Kris

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