EUR/GBP 4H Wedge Trade (Feb 27, 2017)

The Euro has been losing ground across all of its pairs. With UK yields at a possible area for a buy I'm assuming a short position on the Euro / GBP cross. There are multiple layers of confluence on this trade which stack in my favor of bearishness. Pivot area, .85000 whole level, bearish engulfing bar, fib retracement, etc.

Possible 3R

Yorum:

Closed this one for a small 10 pip gain. Not much momentum on this one.