EUR/GBP potential Sell opportunity H1 61.8% FIB

HEre Is my EUR/GBP H1 chart

I have drawn a Fibonacci from FEB 1st Highs, down to 8th FEB
Lows!

would look for a bearish reversal pattern and a close below 0.8610 to take a sell position.

Attempted to sell this pair yesterday but was stopped out,
Lets see what price action shows here.
thanks
@Astrofx13

Views: 176

Tags: EUR/GBP, analysis, euro, signal, trading

Comment by Ali Abrar on February 12, 2013 at 11:21am

Shaun is a Very Good Trader

Comment by D U Eddie on February 12, 2013 at 11:46am

4 hr shows it clearly.... don't know why u tried to sell yesterday tgt 84 minimum

Comment by Shaun Powell on February 12, 2013 at 11:50am

I sold yesterday due to the 38.2% fib level........

i posted weekly analysis too, showing large bearish reversal pattern, so went to sell on retracement. very logical you can see it here:

http://www.forexstreet.net/profiles/blogs/couldn-t-help-but-analyse...

Comment by Ali Abrar on February 12, 2013 at 11:54am

I dont agree with this no plan for short EURGBP

Comment by Shaun Powell on February 12, 2013 at 7:57pm

its falling..lets see what happnds here. ideally like a close below 0.8550

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