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FedericoSellitti

EURGBP second opportunity to trade the downtrend

Short
Euro / British Pound (OANDA:EURGBP)  
FedericoSellitti Updated   
OANDA:EURGBP   Euro / British Pound
Trend Analysis Chart Patterns Technical Indicators Parallel Channel downtrend Descending Channel rejection EURGBP Bearish Trend Line Candlestick analysis
3
0
trendanalysis chartpattern indicator parallelchannel downtrend descendingchannel rejection eurgbp bearishtrendline candlestickanalysis
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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