Short EURGBP in downtrend after bearish pin bar

FX:EURGBP   Euro / British Pound
84 2 0
UPDATE 30/04: Stopped out both positions. Result: -2R

After a double top on retracement and breaking 31/3 low looking down around lows from 11/3.

Two orders:

1. Conservative - sell limit at half pin bar , s/l over candle, t/p slightly above low from 11/3, r/r 4.55
2. Aggressive - sell stop at bottom of pin bar , s/l over candle, t/p slightly above low from 11/3, r/r 2.04
Your target is a nice spot to get in for a longterm long.
+1 Reply
jazzik Yahia.Awes
Good point, would be a sweet place to reverse position. However I do not like what has been going on in the last couple of days. Even though position overall is slightly in the money at this point, it does not look like demand wants to let go.
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