EURGBP trade with RR 4vs1

 Yesterday I wrote about possible trade in EURGBP. While I didn't catch the trade at USDCHF I managed to squeeze few pips from EURGBP. The initial idea was to wait for retrace towards 8485. Well that happened while I was asleep so I couldn't contribute my portion in that trade. Anyway I spotted another opportunity at 9:00 GMT after severe pull-back and entered the trade 10:46GMT at 8474. I entered because the pair was after the QUICK jump UP unable to break above 8481 (previous area of support). RR was 4:1 so I had nice opportunity to trade with almost minimum risk. I decided to close this trade at 15:31GMT (8429) with 45pips profit. Just before that I initiated one more position with half of the size at the pull-back and was able to hold it for another  32pips. Overall +77pips. For the whole story see screenshots …