Trade Idea, 24 Feb: Sell EURGBP
https://www.tradingview.com/x/Q6QJnRN5/
EURGBP
Sell 50% @ Market (0.8430)
Sell 50% @ 0.8470
SL @ 0.8505
TP @ 0.8300
As with Tuesday’s order to sell the cross, the charts still look heavy, so really just jumping back in to reinstate the previous short position.
If, as I suspect, we are building a head and shoulders (daily chart above), we are either about to see a big move higher in Cable or a decent move lower in the Euro. Or both!
This order is only good for entry purposes until 5.00 pm NY time today
This information is a personal view only, this being a trade being undertaken by FX Charts. It is not an inducement or recommendation to trade although you may do so if you agree with the parameters of this idea.. Refer to our disclaimer here: fxcharts.net
These market alerts are provided as part of a trial basis only. To continue to have access to alerts at the end of the trial register at fxcharts only. To continue to have access to alerts at the end of the trial register at fxcharts.
EURGBP
Sell 50% @ Market (0.8430)
Sell 50% @ 0.8470
SL @ 0.8505
TP @ 0.8300
As with Tuesday’s order to sell the cross, the charts still look heavy, so really just jumping back in to reinstate the previous short position.
If, as I suspect, we are building a head and shoulders (daily chart above), we are either about to see a big move higher in Cable or a decent move lower in the Euro. Or both!
This order is only good for entry purposes until 5.00 pm NY time today
This information is a personal view only, this being a trade being undertaken by FX Charts. It is not an inducement or recommendation to trade although you may do so if you agree with the parameters of this idea.. Refer to our disclaimer here: fxcharts.net
These market alerts are provided as part of a trial basis only. To continue to have access to alerts at the end of the trial register at fxcharts only. To continue to have access to alerts at the end of the trial register at fxcharts.
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