EURGBP Shorts- FRIDAY FLYER.

Shorts look good from here. Even though we have broken through the descending TL we are still bearish, no 4Hour higher high has been made. The trendlines are subjective therefore they are just an additional confluence to take into account, yes it would be a negative about the trade however we cannot argue with price action. Rejection of the 78.6 fib level, 50EMA acting as support 4 rejection candlesticks. Shorts here with a TP at the -27% fib level, giving us a 5.5:1 RR ratio.