EURGBP good short trade opportunity?
Dec.01, 2009 in
My Trading Ideas
The following is the EURGBP daily chart. If you observe the graph I think its a good opportunity for a short trade for the following reasons.
1) There is a resistance line at the top for this currency pair.
2) A bearish engulfing candlesticks pattern is formed.
3) CCI crossed below the 100 line.
4) Stochastics crossed below the 80 line.




















