EURGBP Wyckoff distribution

By nenonbotev
EURGBP is forming a Wyckoff distribution pattern.

Potential aggressive short entry from here, with 1:6 RRR to the support zone, and 1:11 to the first demand zone after confirmed breakout of the Wyckoff pattern.

Fantastic RRR means even if I get stopped a couple of times on the lower timeframes, and nail 1 good entry, the profit still will be substantial.

Let me know what do you think?


Chart PatternsdistributionEURGBPForexHarmonic Patternswyckoff
nenonbotev

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