A risky trade here, for two reasons. First, EURGBP has never been my favorite pair. For a unknown reason I never achieved an OTK on this pair and it usually end up with SL being triggered quite fast. So be warned... Second reason stand for RR that not very good here. You could lower a bit more the SL to prevent SL hunting but it would render the trade very bad.
However, on daily, with neutral higher TF, this setup triggers my strategy so I'm opening a long here.
Trade with your own diligence,
GL HF
However, on daily, with neutral higher TF, this setup triggers my strategy so I'm opening a long here.
Trade with your own diligence,
GL HF
Note
Closed 25%@TP1.Trade closed: stop reached
SL hit yesterday!False breakout and maybe short signal.
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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.