EUR/GBP

Possible short on first attempt of main down trend line at 0.8726 .
This is an order to open trade..stops of 30 pips..
This is only for today and if it gets real close to the level then i wont be placing this trade tomorrow.


dl.dropboxusercontent.com/u/4899609/eurgbp15thjuly.png

dl.dropboxusercontent.com/u/7238706/EUR_GBP.png

Seems to be headed in the right direction

This is just at resistance around 8720 of the long term trend line starting in Dec 2008.
Time to go short... or is it about to break upward out of the symmetrical triangle?

This broke out.....its normally good to short on a first attempt basis but if the price closes near the shorting area then best step aside. Like in this example.
The price should move higher now but confirmation will only come once this can move above 8814 so i will be shorting on first attempt of 8814.
If this finishes above that trend line(8715) then it also could signal the new up trend.


dl.dropboxusercontent.com/u/4899609/eurgbp31stjuly.png

On my chart it has already blown through the resistance



I am already long on this from 10th of June and its in a STRONG uptrend!

redchilly wrote: On my chart it has already blown through the resistance

I am already long on this from 10th of June and its in a STRONG uptrend!

Hi redchilly
well done mate...
That trend line on my chart goes back way further.Goes back to 2008 So this break could be significant if it can stay above.


dl.dropboxusercontent.com/u/4899609/eurgbp31stjulyl.png