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FedericoSellitti
Sep 19, 2019 7:20 AM

EURGBP second opportunity to trade the downtrend Short

EUR/GBPOANDA

Description

Yesterday, we saw our EURGBP short position hitting the stop loss for less than one pip and going down, hitting our take profit at the bottom of the downchannel just like we planned.
Today, the price is offering a second chance to trade the same chart pattern, so we try to enter again with a favorable risk to reward ratio.

Comment

If the price has a strong retracement going up, I will consider moving the stop loss by 2 pips to avoid the same mistake I made yesterday :)

Trade closed: stop reached

Stop loss reached!
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