Couldn't adjust the Stop loss correctly because it went above my screen. But it's obviously above structure. Take profit 1 is the nearest gap. Take profit 2 is the bottom line of the structure. Take profit 3 is the gap below the structure. Enjoy.
I will be looking to short eur/gbp when market opens tonight. this trade has a very good risk to reward ratio and a very high probability setup.
Big Move to the downside, EURGBP heading down. :P
-Has hit strong area of resistance - Broke upward trend line - re-tested trend line - currently in reversal - good r/r ratio
I had shorted this pair as it broke down out of the channel. But closed that trade and have re-entered long after the 4h candle closed within the channel again and broke above the down trend line. I wouldn't say this is a safe trade. But it is still worth taking in my book. Great R:R ratio. Ever loser is an opportunity to win in the opposite direction ;) Red...
I am now short on this pair. I have already entered but here is another good entry point. Place stops above channel. Red arrows do not predict exact price or time. Only direction.
If you have been following my previous EURGBP charts you will have made some serious pips in the past 2 weeks. But now it gets a little less clear. We are at the bottom of our channel, which gives potential to buy. However the previous high has formed a double top , which gives us the possibility that price will exit the current channel. Buying with a stop...
still climbing. trade with the trend. im long now at the trendline
Top of channel, nice divergence, red arrow etc. See related ideas to get a better picture. Red arrow is not predicting exact price or time. Just a general direction. Watch closely for your exit as it happens.
Waiting for candle closure above counter trend line break on 1 hour chart. Then trade long to D extension at fib - 0.618
1) A failed head and shoulders pattern @ key daily resistance @ 0.86002 2) Price has broken the 0.86002 zone + counter trend line 3) Expecting a pull back from the H4 Resistance zone @ 0.86919 zone. ( opportunity for short term shorts) and retest of the counter trend line + now support zone @ 0.86002 for longs towards 0.87315. 4) Upside target @ 0.87315 @ daily...
nice shs pattern here ...set up 2 targets for a short move... quick and dirty...get ready for hold it a couple of "days" if set up stays valid
Purely technical perspective on this trade, great R/R ratio