Thursday, December 27, 2012

EURGBP Channel Short Trade Plan EURGBP Channel Short Trade
I am watching this channel short trade setup from past few sessions. GBPUSD sales are fueling EURGBP higher. 

This channel is in place since Sep beginning. 200EMA comes towards middle of the channel.

I expect this channel to provide good resistance on any spikes towards upper trendline. 

I plan to go short on touch of channel's upper trendline with stop just above it. I will be targeting middle or lower part of the channel.

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