EURGBP is on a continous downtrend from some time. It consolidated for a little time and form a bear penant in the down trend. It has broken the penant and retested. I have entered for short here the risk to rewards is high. Tp is almost 70-80 pips. Because if you see the daily chart then it has broken the trendline and is ready to text the next support.
So i am in for short here.
Trade closed: target reached