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EURGBP - 1:5.7RR | 06.09.2022

H4/ H1

Trade recap of successful 6/9/22 EURGBP 1-Hr Sell Limit Trade

- Sell limit entry: 0.85826 | Triggered 6/9 8:26 AM ET

- SL: 0.85976 | 15 pips

- TP: 0.84963 | 86 pips | 5.7R

Trade Result

- TP hit for full 5.7R

- peak drawdown: -10 pips

Reasons for Trade

- Ranging market on the 1-hr and 4-hr TFs.

- Structure presented clear supply blocks.

- The 2 highlighted bearish CHoCHs, supporting BOS instances to the downside, adding more to the short bias.

- Considered POI A as an area for entry, but didn't like the Risk/Reward if I were to set SL above the noted Strong Swing High.  POI B clearly gave a better entry

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