EURGBP rejection on an ascending triangle
EURGBP keeps its bearish setup with the moving averages, although the price is moving up and down within an ascending triangle pattern.
We can try to take advantage of the rejection we just had at the top of the triangle to open our short position with the stop loss above the resistance and the take profit right above the uptrend line.
We can try to take advantage of the rejection we just had at the top of the triangle to open our short position with the stop loss above the resistance and the take profit right above the uptrend line.
Trade closed: stop reached:
Stop loss reached
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