EURGBP Incoming Opportunity
Updated
The instrument has created a triangle due to the formation of lower highs and higher lows on H4 chart.
The price is currently trading in the middle of the structure at around 0.8890
A break on either side will give us a signal for further direction.
Keep in mind, D1 range was broken from the resistance and price is currently lurking at that area;
A break above the triangle on H4 would give more power to go long;
Awaiting signal ... Patience is a virtue!
The price is currently trading in the middle of the structure at around 0.8890
A break on either side will give us a signal for further direction.
Keep in mind, D1 range was broken from the resistance and price is currently lurking at that area;
A break above the triangle on H4 would give more power to go long;
Awaiting signal ... Patience is a virtue!
Note
The break is obvious, now waiting for the pullback to attach with a good buy.Likely area for the pullback to begin is the resistance at the previous high.
For those who have the balls, you could take advantage of a short term sell there.
For the not so ballsy ones, we are waiting for the pull back to complete :)
Note
Note
Top of channel resistance hit after a massive rally. Great sell opportunity before the next big move up
Enter short now
SL: 0.9050
TP: 0.8960
Note
Trade active
Note
Trade closed: target reached
Trade closed at target price of 0.8960+55 pips profit out of the correction
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