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Eurgbptrade

EUR/GBPHello guys! Looks like this trade will fill in TP or I will close it manually. So what I'm looking for in the chart at the moment: The momentum of buyers is coming, just I want to see how strong this momentum will be. The big probability that the chart will change direction at least for bigger correction, before moving down. I hope to see some signs, confirmations or patterns for LONG trades. Let's see what chart will show us. I had some losses today if you want to read about them see below. ;) Thank you DISCLAIMER: This is my personal opinion and view of the market, trade at your own risk. Use proper risk management and trust the process. If you watching my analysis you saw that I had another short trade that was closed with SL. But at the end of the day, the price moved down to the level where my TP was. So why I didn't open another position and sell it again after price reached my SL? That's a good question. First of all, I'm trying not to gamble in forex - sometimes in this business your minds more important than your analysis. And why is that? Usually, people believe in themselves so badly that they even don't know when to stop. So I have a rule if my SL was reached I'm trying to stop trading immediately for some. I have to be comfortable before I take action. Looks like I was right, but I lost. It happens, it's completely fine. And second, sometimes the market making big moves against you. I don't know what about you, but my goal is to keep save my account and earn as much as possible.
by bagdisb
1
EUR/GBP Trade AnalysisHello guys! Hope you are well. I spend a few hours to get a better picture of possible movement coming this week. First of all, we are in selling pressure (correction) already 9 days and around 600 pips. Probably this or next week we will complete correction and probably we will have another impulse UP. We have to keep that in mind to avoid bad trades and mistakes. My current situation is 2 open SHORT trades with around 150 pips profit. I'm preparing myself for 3 possible movements in the coming few days: 1. (Red) Price reacted to 0,89 level and this is completely fine, I was expecting to see such a movement. This level is in the middle between two strong levels 0,90 and 0,88. I think we will see now a small correction and the price will continue to drop. 2. (Green) We can see a bigger correction from 0,89 level up to 0,90 for retest that level. That's why I moved my second position SL to BE, to avoid negative positions. My first position will stay the same, looks like if this movement will happen I will be in a safe area. After all, if the price will reach 0,90 level I will change my TP to 0,89 area to avoid a double bottom pattern. 3. (Yellow) This movement has less probability to happen, but if it will the price has to brake 0,90 strong level and I want to see how it will brake. So basically everything depends on momentum. If it happens I want to see how it will happen. There is a chance that buyers coming. Let's see what this week can give us! If you have any questions don't hesitate to contact me. ;) DISCLAIMER: Any opinions, news, research, analyses, prices, or other information contained on this post is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Short
by bagdisb
EUR/GBP SELLHello again! So after a retest (marked black), I took one more trade, so now we are with 3 trades in profit! I'm pretty sure that all positions will take TP, if not I already move SL to breakeven to save my profit. DISCLAIMER: Any opinions, news, research, analyses, prices, or other information contained on this post is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Short
by bagdisb
1
EUR/GBP Still Waiting for BUYHello, I hope you are well... We can see clearly in the chart that the last drop (red) was stronger than this move up (orange). We reached a 0.93 round number. There is a big probability that price will react to this level and we will see another impulse down from where I will start looking for BUY opportunities. Let's see how it works. ;) DISCLAIMER: Any opinions, news, research, analyses, prices, or other information contained on this post is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
by bagdisb
2