According to Dow Theory, EUR/GBP is currently in a bearish trend, consistently printing a series of Lower Highs (LH) and Lower Lows (LL). We’re closely watching the price near its most recent LL (Lower Low) — a break below this level will signal continuation of the downtrend, providing a high-probability trade opportunity.
We’re planning a Sell Stop order below the last low to catch the bearish momentum, with two trades set up using different risk-to-reward strategies.
Trade Details:
Pair: EUR/GBP
Entry (Sell Stop): 0.84135
Stop Loss (SL): 0.84593
Take Profit 1 (TP1): 0.83677 (1:1 RR)
Take Profit 2 (TP2): 0.83219 (1:2 RR)
Lot Size: 0.17
Risk: $200
Potential Reward: Up to $300
Number of Trades: 2 (with 1:1 and 1:2 Risk:Reward)
⚙️ Trade Strategy:
Trade 1: A 1:1 RR setup — quick and controlled.
Trade 2: A 1:2 RR setup — capturing deeper continuation of the bearish move.
✅ Bearish Trend Confirmed via Dow Theory
✅ Entry Positioned Below Last LL
✅ Risk-Managed Dual Setup
✅ Defined Structure-Based Trading Plan
#Hashtags:
#EURGBP #ForexTrading #DowTheory #BearishTrend #SellStop #TradingStrategy #TechnicalAnalysis #ForexSetups #PriceAction #MarketStructure #RiskReward #SmartMoney #SwingTrading #TradingView #TradePlan
We’re planning a Sell Stop order below the last low to catch the bearish momentum, with two trades set up using different risk-to-reward strategies.
Trade Details:
Pair: EUR/GBP
Entry (Sell Stop): 0.84135
Stop Loss (SL): 0.84593
Take Profit 1 (TP1): 0.83677 (1:1 RR)
Take Profit 2 (TP2): 0.83219 (1:2 RR)
Lot Size: 0.17
Risk: $200
Potential Reward: Up to $300
Number of Trades: 2 (with 1:1 and 1:2 Risk:Reward)
⚙️ Trade Strategy:
Trade 1: A 1:1 RR setup — quick and controlled.
Trade 2: A 1:2 RR setup — capturing deeper continuation of the bearish move.
✅ Bearish Trend Confirmed via Dow Theory
✅ Entry Positioned Below Last LL
✅ Risk-Managed Dual Setup
✅ Defined Structure-Based Trading Plan
#Hashtags:
#EURGBP #ForexTrading #DowTheory #BearishTrend #SellStop #TradingStrategy #TechnicalAnalysis #ForexSetups #PriceAction #MarketStructure #RiskReward #SmartMoney #SwingTrading #TradingView #TradePlan
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.