Short

EURGBP bearish Bat

Updated

entry at the D point, SL a few pips above the X and 4 TP levels to be taken according to your risk appetite. Red vertical line = high impact news to look out for.

PLEASE REMEMBER to set the SL to breakeven once the trade reaches TP1

Note

A more detailed on the areas of main focus that will likely provide resistance for bat bears.

Trade closed manually

GBP rate remaining unchanged further strengthened GBP and gave a boost to my short position.

Trade closed at 0.88120 by a trailing 50 point stop loss by a rate change correction.

Profit: 58.4 pips

Looking to enter short again if price continues going down

rs7gram

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