danresdidualfx

Trade Setup: EUR/GBP analysis

Short
OANDA:EURGBP   Euro / British Pound
price is conveying a lot of buying exhaustion around the 0.89300 price region. It's likely that price could retrace a little higher before rallying towards the downside. Be careful, of manipulative price action around this region.

SL is slightly higher than intended, additional orders to the downside may be put in place if wicks extend a little higher

Risk reward: 1:2.71

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