The goal with this trade is to grab some pips fast with two (relative) small targets. The market did react at the beginning of the monthly structure zone of 0.7091 - 0.6335, giving the pair a little relief.
However, the overall trend is very and I expect a new wave of selling pressure between 0.7233 and 0.7302. Also, a pattern completes within that zone at 0.7267. I will use this as an entry technique to short the EURGBP .
My stops are 1.113 extension of A to X and my targets are aligned with 0.382 (T1) and the 0.618 (T2) of the fib retracement of A to D. I also take a third position short for an extended target in the monthly structure zone at 0.6906