EURGBP - Short - Daily Trend Break

Nov 7, 2023

Using the intra-day wedge to get short after we broke the Daily up trend yesterday. That candle did close bullish, but I think the intra-day wedge helps to establish the short bias. Target is perhaps optimistic but with a positive swap, I'm happy to hold overnight.

Stop above high of day at 0.86882

Targeting ExMo low/Previous days low around 0.86550

Broker SWAP: +0.17%

Nov 7, 2023

Trade closed: stop reached

Taken a stop on this. Price is struggling somewhat up here so I'm keeping an eye on the possibility for a re-entry.

Improvements - I liked the stop above high of day, however the daily range up to then was very small, so I don't think it carried the same weight as you'd expect.