Technician
Long

EURGBP: Long On Triple Bottom

FX:EURGBP   Euro Fx/British Pound
1821 21 27
Pending long limit order at 0.7855 as price has broken a short term triple bottom formation, within the context of a sideways market on the daily chart . What i hope for is a retets of the top of the sideways range near 0.8025-0.8050 area.

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My best regards,
Technician

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Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is then moved to break-even
4. Second unit would be closed at second target
Notes:
5) If 90 percent of first target is reached I move stop loss to breakeven.
6) If 90 percent of first target is reached without triggering entry I cancel the trade.
7) Remember: Losing is a main part of the game
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forexfox
2 years ago
thanks and good luck
Reply
Technician TOP forexfox
2 years ago
Thank you
Reply
Malik1978
2 years ago
Thank You
Reply
wingmar PRO
2 years ago
nice setup.thx for sharing.
Reply
thank you technician
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Barabaszek
2 years ago
Good evening.I'm in.Good luck.
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Good luck buddy
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Technician TOP CryptoFactor
2 years ago
Thanks :)
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GinoLenze
2 years ago
trade has been deleted? Thanks
Reply
Barabaszek GinoLenze
2 years ago
6) If 90 percent of first target is reached without triggering entry I cancel the trade. So I think the play is out of date.
Reply
Technician TOP Barabaszek
2 years ago
Yes, AGAIN i miss the entry by few pips.
Reply
Barabaszek Technician
2 years ago
The plan was good, good direction, it happens. We look forward to the next play. Greetings to you, buddy.
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Technician TOP Barabaszek
2 years ago
Thank you, the truth is its really disappointing, i have had all my past 6 trades hitting targets but missing entry. Hope things get better soon. Appreciate it
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Rotivnick
2 years ago
The idea was good, will happen to the next.
Very good analysis, the best I have seen.
Reply
Technician TOP Rotivnick
2 years ago
Thank you
Reply
HamedAghajani PRO Technician
2 years ago
Yes, it was a nice trade. Thanks for sharing your ideas.
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Technician TOP HamedAghajani
2 years ago
Ur welcome Hamed
+1 Reply
bharatest
2 years ago
there is bullish divergence too.
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MertErten
2 years ago
short ~80.250-80.100
great analysis.
Reply
I closed position at 0.80130 may you be happy and successful in your life
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bharatest
2 years ago
I believe in your idea so just enter in without thinking much. Thanks again for sharing
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