We have initiated a short on EURGBP at the latest pop. The entry is few pips early than the supply zone just above.
If we go in the supply zone we will add a little bit to our position again.
If we go in the supply zone we will add a little bit to our position again.
Comment:
Covering half and stop loss at +10 pips
Comment:
First entry stop hit at +10 pips.
Second entry booking 3/4th of the position with stop loss at +20 pips and TP as mentioned
Second entry booking 3/4th of the position with stop loss at +20 pips and TP as mentioned
Trade closed: target reached
Comment:
Both the entries worked beautifully as planned. TBH we took profits early on our first entry due to all the shenanigans with Brexit talks. But the second entry allowed to ride this pair full towards the target.
The price has made a 'V' return towards the supply zone.
Ideally, we won't take a trade on such returns but this is a headline move.