EURGBP 1H Short IDEA

Aug 25, 2019

Head and shoulders pattern followed by a pullback to the neckline. Could touch the 61.8 Fibonacci too which will also touch the trendline or drop from its current position. 3 targets (0, -23 and -61.8). Trade to be taken only on confirmations (look at lower timeframes like the 30m and 15m). This is just an idea and not a signal. If no confirmations then no trade.

Aug 27, 2019

Note

TP1 hit. Touch and rejection of 61.8 Fibonacci as well as trendline (as predicted) prompted entry. The remaining two trades have been made risk-free

Aug 28, 2019

Trade closed manually

Rest of trade closed at breakeven. 79 pip movement caught.