EURGBP, bears in bound..

So we have a simple:
-break of upward channel
-Market exhaustion
-Momentum change
-Bearish Divergence

Let's see what happens..

Trade active:

(Journal) It's moving down, so that's good. SL is currently in profit, I made this mistake in the past, numerous times. If your trade is in profit. Let's say it is substantial profit (50 pips+) put your SL in profit for around 20 pips or so if the market turns and cuts out, at least you're stopped out in profit and not a loss.

A risk free trade is better than a losing trade.

Trade closed: target reached:

170 pips closed

Comment:

(Journal) Banged pips, easy simple, very nice mi like