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
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
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