EUR/GBP: call on support break was too early

The break of the EURGBP was too early. In fact the 4h chart below is a perfect representation of the No.1 trading rule under the ‘Rules’ page. Just compare it with the previous EURGBP post.
Unless you have a very good reason always wait for the close of the signal bar. In this case a bearish pin bar (which rejected a previpusly broken horizontal support) has turned into a wide ranging bullish trend bar.

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