EURGBP, WHERE ARE THE SWINGERS?
Okay I have a couple of options here!!
price rallied all the way from 0.82498 on the 14th April and broke a significant high at 0.85129 on 5th may
Also stop hunted retail resistance above 0.85988 and we have the market looking for lower prices
but because of that April-May Break of structure , I remain bullish within this price leg and i see multiple equal lows within which for me signifies Retail support
i believe this market will be drawn to these equal lows to hunt for any stops ..before any significant MarkUp
Option 1(Intraday): Buy @ 0.84680 SL 30Pips max and target at least 60pips
Option 2(Swingers): Buy @0.83650
SL 70pips and target 200+ pips
price rallied all the way from 0.82498 on the 14th April and broke a significant high at 0.85129 on 5th may
Also stop hunted retail resistance above 0.85988 and we have the market looking for lower prices
but because of that April-May Break of structure , I remain bullish within this price leg and i see multiple equal lows within which for me signifies Retail support
i believe this market will be drawn to these equal lows to hunt for any stops ..before any significant MarkUp
Option 1(Intraday): Buy @ 0.84680 SL 30Pips max and target at least 60pips
Option 2(Swingers): Buy @0.83650
SL 70pips and target 200+ pips
Note
UPDATE: IF PRICE IS TO MAKE A LOWER TIP TOWARD 0.83650 , THEN I CAN LOOK TO SHORT THE MARKET LOWER BEFORE I BUY IT BACK UP AT MY POI 3
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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.