Technical analasys for short trade on EURGBP

EURGBP - Daily

Market has turned bearish with the 21EMA crossing below the 55EMA, Price is currently bullish with 5SMA above the 8EMA. Im expecting price to move up back to MPP where i will be having a Sell order. Stop loss above MM3, and a take profit target just above MM1.

One thought on “EURGBP – Technical Analysis”

  1. dima pekurovsky says:

    Hi Ian, just paid attention that you are going to sell in up trend. Be careful and good luck.

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