on EURGBP we have a perfect example of a descending triangle in a bearish trend. it is a very classic reversal pattern indicating a weakening bearish momentum.
We trade it waiting for a bullish breakout of a horizontal structure resistance to long the market.
Stop 0.8815
T1 - 0.887 T2 - 0.889
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That was very painful guys :) I know that some of your very stopped out with the spread. I am still in and hopefully it wont retrace again!)
It reversed from 0.88153
Stop 0.88150 ;))