Euro / British Pound
Short
Updated

EURGBP Short

56
ATR: 176
Targets: 1T above 3 week close and bottome bounce.
200EMA: below
40EMA: above
CM MA: red
TSI MTF: indecisive
RSI EMA: 1st signal
ASH: counter to trade
VZO: swing below 0
RVI: cross 20ema
10/5: daily cross
Negatives:
from a price action view this could be a range segment or a slight pull back for continuation.
Trade active
Entry day moved in favor of trade. Showing rejection so far today. Within ATR range of T1. RVI 20 EMA painted counter ignal on this last move. TSI MTF has yet to paint bear bias but is set for short signal possibly tomorrow... actually here at 4PM my time it just pained short signal.

Guppy is downtred.
Trade active
67 P in profit. Most 90% of indicators are painting in the direction of the trade. Daily below 7 and 24 EMA. Not taking profit now want to see if Sunday/Monday price swings hit T1. within range.
Trade active
T1 profit target hit.

T2 position SL moved to entry.
TSI both in bear bias. RSI EMA bear bias. Weekly/Daily in bear bias.
Trade active
Had T2 target SL just over today's open from earlier. Moved that back above weekly open. Still in profit. Want to provide enough room for retrace move to trap reversal traders going long with expectation of continued bear move.
Trade active
Moved SL of t2 to middle of 26 feb candle.
Trade active
Kept SL the same location. Recent price action suggests it found a bottom. In profit SL is within ATR range of being hit in the next day. Not taking an exit because no signals have indicated there is an actual turn in the trend at this time. But most indicators are at the extension ranges (even though that doesn't exits in FX).

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