EURGBP SHORT | Key Institutional Level Short | Fib 50%

FX:EURGBP   Euro / British Pound
41 4 0
Fellow Traders,

Selling at a key institutional order block.

Stop loss is just above the R2 level.
We have bearish butterfly completion at .7325 for resistance as well

Looking for price to retrace back to lows.

Trade Details
Entry: 0.7297
SL: 0.733
TP: 0.702

I suggest risking no more than 1% per trade by adjusting your position size accordingly.


Check out my performance record of all published trades on TradingView:

Update - 24 Mar 2015: Trade stopped
Currently sitting at the 50% retracement level
luke1827 luke1827
luke1827 luke1827
Price needs to hold here, or I might consider taking the loss early

Confluence also seen at the .618 fib extension
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