YongLiang
Short

EUR/GBP, DAY CHART, SHORT (20-NOV-2016)

OANDA:EURGBP   Euro Fx/British Pound
We need to monitor this trade closely.

There are 2 potential setups:
1. The price pull back to the resistance zone near 0.87xx and wait for bearish signals to short
2. Zoom into H4 Chart and look for bearish signal to short.

Trade with right risk management as the current risk/reward is only 1.5. :)
Trade active: EP: 0.85186
SL: 0.87086
TP 1: 0.83554
Trade closed manually: Decided to close our position early due to no right signals to bearish yet.

Close at 0.85769 and encountered lost of 58 pips.

We will keep monitoring this pair.

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