EURGBP: Long On Triple Bottom

FX:EURGBP   Euro / British Pound
1836 21
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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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
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
I believe in your idea so just enter in without thinking much. Thanks again for sharing
I closed position at 0.80130 may you be happy and successful in your life
short ~80.250-80.100
great analysis.
there is bullish divergence too.
The idea was good, will happen to the next.
Very good analysis, the best I have seen.
Technician Rotivnick
Thank you
HamedAghajani Technician
Yes, it was a nice trade. Thanks for sharing your ideas.
Technician HamedAghajani
Ur welcome Hamed
+1 Reply
trade has been deleted? Thanks
Barabaszek GinoLenze
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 So I think the play is out of date.
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