Hi Brad
you mentioned that you will be selling in size on a test of 9164 or there abouts, where would you place your stop for this trade.
That shooting star confirms a top , how much of that candle do you feel will be retrace, or is typically retraced.
JJ
Quote:
Originally Posted by brad_1199
EUR/GBP finally broke higher today out of the consolodation area i was watching, this rally should turn into an intra-day rally back towards fibonacci resistance at .9164 and i think it may go a bit higher too, ultimately I am looking for a short opportunity anywhere by .9164 or higher for an eventual move downward through the longer term up trend line on the daily chart...
A shooting star candle is in place last month on the monthly chart giving confirmation a top is in place, bears should now be looking to short this market at resistance... There is potentially a very big move into the down side here worth a lot of pips With beautiful candlestick confirmation of a long term top in place already, I will be shorting EURGBP in size.. I have been patiently watching and waiting for the perfect short entry in this pair for quite a while now, Oh how sweet it will be
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