EURGBP - What Goes up must come down - Short

28 sept. 2016

This pair has broken out of an ascending channel. Grey box is the key level where price will probably retest the broken structure. Confirm rejection to short

Always apply money manaagement

29 sept. 2016

Note

Trade active

29 sept. 2016

Note

SL 0.86816

29 sept. 2016

Note

Updating this at real time

Entry and SL shown on the chart.

PLAN A: Shorted at retracement (placed a sell limit order), and it spiked up. Strategically placed my SL if this doesn't work.

PLAN B: Would be to short at the Monthly Resistance - Psychological Rd No (where it would also touch the upper ascending trendline.

A more conservative approach is to short below the black dotted line

29 sept. 2016

Note

30 sept. 2016

Note

Retracement was rejected at the 0.618 Fib level



SL placed above

30 sept. 2016

Note

Minor rejection of the 4hr candle

In the red of 14 pips

3 oct. 2016

Trade fermée: ordre d’arrêt atteint

-100 pips SL (2 Positions)