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KVE
2 nov. 2016 20:13

EUR/GBP: Short setup Short

Euro Fx/British PoundFXCM

Description

Up channel ready to break?

Commentaire

Breakout out of the channel might be ongoing... (we still need the daily candle to close first though). If in from the top keep it, if not I would wait a little or try to get in on a lower TF overbought signal in a retracement to limit the risk...
We are now at the lower BB so if this is just a small retracement it might turn up again:

Commentaire

Possible levels to enter short: 0.8930-35 and 0.8965-70.
Not an advice, just a possible entry...

Commentaire

Update:

Commentaire

Some reaction at the MA(100) but a good chance that it will break, we'll see...

Commentaire

I think it's best to take (partial) profits now since we might be going up again...
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