eur/gbp

26 בספט׳ 2012

eur/gbp now in clear down trend. making lower lows and lower highs. broke through support, came back to retest top of trend channel and rising trend line, bounced of resistance. i would enter at a break of recent range. stop above last swing high, profit target would be the fib expansion level at 1.618 at 0.78997 which would be also at the round number support of 0.79. risk reward1:3. risk will be 30 pips so choose the lot size according to your money management rules.(not more then 2% of your trading account)

fundamentals for this trade: gbp is the stronger pair of two

keep in mind :shit happens