If the bearish bar break Support Level at 0.868x, higher chance it will continue bearish to reach next Support line at 0.853x R/R: 2.06 Zoom into H4 or H1 chart to look for short opportunity
Trade with Risk Management.
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Short EUR/GBP at 0.86564 SL: 0.88331 TP: 0.83520
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EUR/GBP continue bearish trend. Current price at 0.85592 (18-NOV-2016)
Moving our SL to 0.87615 to minimize the potential risk. And, lets it ride on the trend. Alternatively, you can choose to take profit of 93 pips now.
Trade safely and have a nice day :)
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Moving SL to 0.87079.
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Closed the trade at 0.86196 due to sudden bullish bar appeared in H4 chart. Profit of 31 pips. We treated it as discretionary exit.
We will keep looking at another right timing to entry the short trade again.