EURGBP still has a strong bearish presence even after the double top formation heading to the first major S/R Line.
Set stop just above the first S/R line and T/P just above the next major S/R line.
OPEN @ 0.87937
S/L @ 0.88047 (11PIP)
T/P @ 0.87937 (22PIP)
for a P/L of 2:1
EURUSD is in the middle of a Bearish spell with he next SR line being around the 1.935.
if trend continues:
OPEN @ 19833
TP @ 1.9375(41PIP)
SL @ 1.2002(21PIP)
Bearish Market
EMA and STOCH RSI showing a strong downward movement
IF breaking the SR line:
OPEN @ 1.39080
T/P @ 1.37527 (155PIP)
S/L @ 1.39882 (80PIP)
Possible bearish retracement to the 50% mark.
IF Bearish move candle close under 23% and new forms under
OPEN @ 0.86537
SL @ 0.86607(7PIP)
TP @ 0.86427(11PIP)
Broke the flag pattern possible retest for a bullish run, Slow Stoch is showing a bullish turn also.(Higher time frames are bullish)
IF Market is BULLISH
OPEN @ 1.43486
T/P @ 1.44183 (70PIP)
S/L @ 1.43073 (40PIP)
IF tests on green SR line high potential for bullish break:
BULLISH:
OPEN @ 1.42974
SL @1.42436 (52PIP)
TP @1.43824 (85PIP)
IF drops below red SR line possible retest and bearish break
BEARISH:
OPEN @1.41815
SL @ 1.42199 (38PIP)
TP @ 1.41127(68PIP)
This is part of my $50 challenge with the idea of making it to $500 - I will update with results of trade if...
Looking at the pattern it has potential either way if test on the upper support potential long
if it does not make it and goes down potential short.
IF trend goes bearish
OPEN @ 1.25558
SL @1.25722 (16PIP)
TP @ 1.24787(77PIP)
IF trend goes Bullish
OPEN @ 1.26328
SL @ 1.26106 (21PIP)
TP @ 1.27616 (129PIP)
this is the start of my $50 challenge with the idea of...
GBP/USD is on a high and looks like it still may go up.
IF Bullish
OPEN: 1.42398
TP: 1.42758(36PIP)
SL: 1.42278(12PIP)
IF Bearish
OPEN: 1.42147
TP: 1.41707(44PIP)
SL: 1.42290(15PIP)
This is part of my $50 challenge with the idea of making it to $500 - I will update with results of trade if opportunity arises(let me know if you like this idea)
Seeing a flag pattern over the last 6hrs more so using this as a log if successful I will be posting more. Dipping my toes in the water here.
On the 1hr time frame
Enter at 1.4102 at potential break with a stop at 1.4083(20PIPS) in case of reversal.
TP set to 1.4192(90PIPS) with 2/3 of trade removed at the test line 1.4171(68PIPS)
PLEASE leave your feedback...
BEARISH
IF break through channel bearish set order
@ 0.72590 TP of 55PIP @ 0.72033
BULLISH
IF bounce or break S/R bullish set order
@ 0.72861 TP of 45PIP 0.73379
SL set at 15PIP from entry
