EURGBP 4:hour
Long or Short: Short
Entry Point: Short order at .7980
Stop Loss: .8030
Profit Target/s: .7880
Reward-to-risk Ratio: 2:1
Risk percentage: 1%
Trade rationale: I think the euro sell off is till not over. I think I just heard Moody’s downgrade Italy. So I think that the pair will continue trading lower.
Trade adjustments: I will more my stop to break even when I am up 50 pips.