EURGBP | Sell Orders | 500 pips Trade | June 2019
EURGBP | Sell Orders | 500 pips Trade | June 2019
Market: FX Crosses | EURGBP
EURGBP has been labeled at the termination point of a larger degree corrective structure.
The next swing as the best interpretation would present itself as an abrupt and sustained bearish impulse.
Regardless if the Ending Diagonal would allow one more small leg upwards or not, the Reversal would most likely occur due to the present Bearish Divergence.
*This set-up has been tracked in the Trading Desk.
EURGBP | Sell Orders
EUR/GBP – 4H Chart (picture)
EUR/GBP – SELL Orders
Aggressive Entry @ Market Execution (approx. 0.8960) with SL @ 0.9020
Moderate Entry @ 0.8930 with SL @ 0.9020
Conservative Entry @ 0.9055 with SL @ 0.9150
TP @ 0.8850 \ 0.8700 \ 0.8500 \ 0.8400
EUR/GBP – 4H Interactive Chart
Safety Measures:
- Moving SL to beak-even when in the green.