The EURGBP set up nicely with a lower high overnight and confirmed the entry in advance of the GBP’s big move. This pair has once again been very tradeable over the past week. This trade set up with a greater than 5:1 Reward to Risk ratio.
Although the trade did not reach our Targets 1 & 2, we were very happy with the result.
It’s been another great week for trading, and we will be very careful not to give any of it back tonight. Always be patient and selective with your trade setups. Take the easy ones and walk away from the confusing ones.
Good luck with your trading!