EURGBP
I like how this double bottom is playing out so far.
Looking for what the price will do on the grey area to decide whether a long is plausible as per setup or not.
My red box is where I believe the price base is being formed.
So, we could have another test of the low end of the box before all this idea comes into fruition.
Let's see, could be a great trade with even more upside potential than the 0.9137 level.
Looking for what the price will do on the grey area to decide whether a long is plausible as per setup or not.
My red box is where I believe the price base is being formed.
So, we could have another test of the low end of the box before all this idea comes into fruition.
Let's see, could be a great trade with even more upside potential than the 0.9137 level.
Note
Nothing could stop this, Target was hit, I was not long at my optimal entry, but I longed the retest of the red box, with half my normal size due to the price moving so fast and away from my desired entry. Anyway, profit is profit and I'm happy for anyone who benefited from this idea.
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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.