IC: Trade #11: EURGBP
Reason for Trade: Looks like a good R:R setup. Looking for a break out from above descending trendline. The 1h is flat and consolidating into a tight wedge while the Daily is bouncing from the bottom of an ascending wedge. So going long in the direction of the Daily trend.
Notes: Shoud’ve slightly modified the entry another say tips pips lower. Anyway, trade was entered successfully as planed and the first bar was a very large Bullish bar.
Trade result remarks: Moved to a lower TF (30m) and modified SL to above entry to secure a win. SL hit and got a win but didn’t secure a 1:1. Currently risking very little. Thinking of getting back in…..