By Tim Black — Tim is the moderator for the Asian Session for Winners Edge Trading Premium. Click here to trade live with Tim during the asian session.
EURGBP was in quite a downtrend last week and I rode it down short, taking profits along the way. It has now retraced 50% of that move and resumed its prior downtrend. I propose taking a short position when it retraces and touches the trendline. We should be able to ride it down to strong support around .8600. Initially, place your stop above the trendline above the prior hourly bar. Follow your stops down each hour as a new bar is formed, keeping it above the trendline.
May the pips be with you.
Tim
Secret Asian Man. 
