EURGBP Short - 50% Retracement of big GBP move

Jun 2, 2021

So put pending order in after big GBP move and waited for retracement. Largely the same trade idea for all 3 GBP trades that I am now in.
As per other ideas, need to adjust stops to reduce the account risk, especially with 3 highly correlated GBP trades.
Currently risking 6.87% of my account, which is above my limit of 6%.

Jun 2, 2021

Trade active

EURGBP Risk 1.72% 2.37R

Moved SL to 0.86650 1.18% risk.

Jun 3, 2021

Trade active

No adjustment to this trade today, starting to close below 200 EMA.
Not a strong guidance, of course, but close below both would be a potential positive signal. Be aware last month of data has largely ranged and not paid much attention to the 21 EMA.

Jun 16, 2021

Trade closed: stop reached

Stopped out on 0.8615, protect profit gain of 0.18%. Stop was moved to above break even at 0.8615 as I had multiple trades.
Hasn't gone far but never went near my stop, but risk was too high across account.