Euro mot Storbritannien Pund W1 Live Forex Chart

EURGBP,W1 Diagram av yates181

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yates181
yates181 Sep 12, 2018 at 18:36
I entered a short with entry of 0.89886. Currently around 60-70 pips in profit. looking at the chart it could fall back into the box range shown on the chart from Sept to April. Theres a potential target of 0.87300.
yates181
yates181 Sep 09, 2018 at 19:29
In this paralell trend channel, the price broke below the lower trend line, leaving the weekly candle looking like an inverted hammer.
I see this as an indication the market will continue away from the old lower trend line and continue bearish.