EURGBP LONG SETUP.
Looking at a EURGBP LONG over the next couple of days.
We have entered into a daily demand zone and had a lovely rejection into it and a push away. Check out the 60m chart for this one, leaves a lot of good price action imbalanced below.
Plan will be to wait for price to retrace back into the Demand zone at 0.83809 stops below the 60m demand zone created.
I will be paying close attention when it does come back down as it may react from daily demand high, because I'm half convinced that I'll end up missing the trade if it did retrace but just not quite far enough to the demand zone on the 60m but hey ho we'll see.
E : 0.83809
SL : 0.83699
TP : 0.87374
But I will be trailing stop at each of the steps created on the way up.
Looking at a EURGBP LONG over the next couple of days.
We have entered into a daily demand zone and had a lovely rejection into it and a push away. Check out the 60m chart for this one, leaves a lot of good price action imbalanced below.
Plan will be to wait for price to retrace back into the Demand zone at 0.83809 stops below the 60m demand zone created.
I will be paying close attention when it does come back down as it may react from daily demand high, because I'm half convinced that I'll end up missing the trade if it did retrace but just not quite far enough to the demand zone on the 60m but hey ho we'll see.
E : 0.83809
SL : 0.83699
TP : 0.87374
But I will be trailing stop at each of the steps created on the way up.
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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.