EURGBP - What Goes up must come down - Short for FX:EURGBP by -Andrew-

EURGBP - What Goes up must come down - Short

This pair has broken out of an ascending channel. Grey box is the key level where price will probably retest the broken structure. Confirm rejection to short

Always apply money manaagement

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Trade active

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SL 0.86816

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Updating this at real time

Entry and SL shown on the chart.

PLAN A: Shorted at retracement (placed a sell limit order), and it spiked up. Strategically placed my SL if this doesn't work.

PLAN B: Would be to short at the Monthly Resistance - Psychological Rd No (where it would also touch the upper ascending trendline.

A more conservative approach is to short below the black dotted line

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Retracement was rejected at the 0.618 Fib level

SL placed above

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Minor rejection of the 4hr candle

In the red of 14 pips

Trade closed: stop reached

-100 pips SL (2 Positions)

-Andrew-

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