The reason behind my short entry on EURGBP is on the daily chart. The EURGBP forms a Daily Pin Bar yesterday. This Pin Bar emerge on the level that I considered as the daily resistance, just like the picture shows below. This Pin Bar is obvious and sticks out.
I decide to open 2 sell position below the low of the Daily Pin Bar and stop loss above it:
OP: sell at 0.8658, SL: 0.8769, TP 1: 0.8585, TP 2: 0.8380
- Adjust stop loss on 2nd position if price reach first target. The adjustment will be updated later.
EURGBP Daily chart
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