Tuesday, October 16, 2012

EURGBP Short Trade Triangle Setup

In EURGBP pair, I was waiting for this setup from past few trading sessions. See details [here] & [here].

myfxvoyage.blogspot.com EURGBP Short Trade
Now this triangle trade is materializing. Daily candle has moved above 200MA and is touching the upper trendline. I can see a small wick forming indicating a rejection. 

Currently I am going short at market price (0.8093).

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