EURGBP- Short idea
Looking at the daily TF , a pin bar formation can be seen, indicating a reversal or rejection from the resitance and sellers coming in. I will put a pending sell limit order with an entry point of point of 50% of the current daily candle assuming the price goes back 50% and then starts coming down.
SL- set above the pin bar and expecting atleast 1:2 RR
TP 1 to 61.8 fib level.
TP2 to 78.6 fib level.
TP3 to 100 fib level.
SL- set above the pin bar and expecting atleast 1:2 RR
TP 1 to 61.8 fib level.
TP2 to 78.6 fib level.
TP3 to 100 fib level.
Trade active
Trade closed manually
Closed the trade manually, look at the candle wick it was so close to to TP.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.