EURGBP short trade on 15/6/23
- Trade alignment to the downside appeared in daily, 4 hour and 1 hour timeframe. EURGBP valid for a short trade. However in term of correlation both EUR and GBP show strength, thus this trade can be classified as B trade.
- Entry time 10:07am (Asian trading session)
- Risk 0.25%
Post Analysis
- Trade ended breakeven
- Trade went down to max. 1.6R profit and turn back up to close at breakeven.
- This was a class B trade, with no correlation support should be careful not to loose those profit. This type of trade has tendency not to perform well.
- Correlation chart show both EUR and GBP all up or in other word both are equally strong. Even on technical chart EURGBP set up for a short but need to be curious as this trade might not drop smoothly.
EUR : -
GBP : -
