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YongLiang
Nov 20, 2016 3:41 AM

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

EUR/GBPOANDA

Description

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.

Trade Safely
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