EUR/GBP Trade Setup – Fibonacci-Based Bearish Continuation Strat

EUR/GBP is currently forming a clear series of Lower Highs (LH) and Lower Lows (LL) — confirming a bearish market structure. Using the Fibonacci retracement tool, we’ve identified a key resistance zone aligning with the 50%-61.8% retracement levels, making it a strong candidate for a Sell Limit entry.

We will execute two trades with different risk-reward strategies based on this setup.

📌 Trade Details:

Pair: EUR/GBP
Entry (Sell Limit): 0.84315
Stop Loss (SL): 0.84593
Profit 1 (TP1): 0.84037 (1:1 Risk:Reward)
Take Profit 2 (TP2): 0.83759 (1:2 Risk:Reward)
Lot Size: 0.27
No of Trades: 2
Total Risk : $200

Total Potential Reward: Up to $300

⚙️ Trade Strategy:
Trade 1: Targets a 1:1 risk-reward ratio for a quick, controlled gain.

Trade 2: Targets a 1:2 risk-reward ratio to ride the trend continuation.

This strategy allows partial profit booking while still taking advantage of extended downside potential if the trend continues.

🔍 Analysis Tools Used:

Fibonacci Retracement Levels

Market Structure (LH & LL Series)

Resistance Zone Confirmation

✅ Fibonacci Confluence
✅ Dual Trade Setup
✅ Risk-Managed Entries
✅ Bearish Trend Structure

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