JLJ002500
Long

EG - Expect Continuation

FX:EURGBP   Euro Fx/British Pound
1D
snapshot

Most traders are expecting a correction. I am trading this as a pullback and expect a continuation. EURGBP             is bound to have a significant correction, but I don't believe this is it.


Comment: Based on the bearish price action yesterday, this is no longer a trade i would recommend. Price move up quickly and got rejected creating a big pin bar. Since I had gotten in before that price action, I still have the trade active for now.
Comment:
snapshot


Can see yesterday's bearish price action as the move higher was rejected.

I'm staying in this trade since I am already in. I entered the trade with only 1/2 position size (risking 0.5% of my balance) because I was taking a more aggressive entry price. If support holds and price reverses around .8850-.8810, I'm able to enter long with a much larger position since due to the tight SL.
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out