Trade Review: EURGBP - Sell on Sep 3, 2019 @ 11:51 PM

I will be making an effort to make trade review posts. As I trade on the longer timeframes for FX, there should be no reason why I won't be able to make a trade review post.

I took this sell trade on EURGBP yesterday and here's why:

1. Pair is reversing from daily highs made on August 9th. Pair then stalled at the end of August.
2. Pair made a lower high and failed with a bearish rejection.
3. I entered this trade as price threatens to break below the 0.9062 level.
4. Given that the rally has been exhausted, this trade has a high reward to risk ratio so a 2% risk was allocated.