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Eurgbpsetup

EURGBP : Potential Short Is ComingHi Guys. I see now a potential Short position for this pair as it's now heading to Strong Key Level. Could be retracement or reversal so watch out the PA after short order is triggered. I can't see any targets for the short entry right now. After it's trigger than I can see the next move either a short retracement or complete reversal. I would put the order on the exact RED horizontal line. It could be touch and drop as it shown in previous setup on EJ and EU. We will see.. Good luck for your trade. Don't forget your MM and R/R consideration when open the positions. Happy Trading
Short
by scandicfx
technical standpoint of eurgbpEG has been declining since the 10/2016 creation lower highs and lower lows this entices me to look for short oppertunities. weve been respecting this trendline everytime we approach we recently had 3 daily rejections at the 0.876 level price struggling to go beyond. i also notice a fib correction potential c leg resting at the 50/61.8 as long as price stays below current price i think this will turn out to b a good short trade with a risk to reward of 1;6
Short
by duane
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