Short setups in EUR/GBP

I’ve missed two good short setups in EURGBP. The first was a double top, a failed bullish flag with a bearish engulfing line. There I had the excuse for not taking the trade is that the 4h uptrend was still intact and there was good chance for a bear trap. The second was an inside bar breakout on the retest of the bullish trend channel that was broken on the previous down swing. No excuse on this one because this setup also formed a perfect 1-2-3 reversal.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: