PriceActionTrading
Long

EURGBP potential buy zone

FX:EURGBP   Euro Fx/British Pound
257 8 9
Could be a good buy if H4 could generate nice pin bars at that area.
Right now, Price reaching that area with intense agression.
When will it cool off? Support holding reasonably well.
If breaks of support, could be looking at sell EUR pairs overall.
But i wont go into that yet. Im still holding my sell EURNZD            
looking to close out soon and re enter longs on EUR pairs

Violation of support line would invalidate this trade.

D1 trade with caution as always
snapshot

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Related Ideas

Hi,
is this inverted Hammer your Buy Signal?
regards
Parker
Reply
No parker, touch on the trendline was already the signal.
It was a bounce or break trade. It did bounced then it broke :(.
D1 closed 0.7138, this trade is not valid.
Reply
PriceActionTrading PriceActionTrading
Anyways inverted hammer is a very bad buy signal.. i wont even classify it as a buy signal. I would take that hammer as a "close your buy" or "look for shorts"
Reply
Seems like will break
Reply
Yea. Then i will trade the "back above". If this break caused a lower low then trade is invalidated.
Thanks casey.
EUR pairs seems to be reacting to the upcoming news. So its abnormal, after the news price go back "back above", or bye bye.
Reply
Casey_Yeo PriceActionTrading
Haven't been checking what news coming up this week. What are the 'red' news this week?
EUR fall nicely. Shorted EURJPY yesterday (testing idea) and TP hit today.
Reply
PriceActionTrading PriceActionTrading
EURUSD attempting to break support level too. EURNZD already did. Traded it for 200 pips straight.
EURCAD have not reach support level yet. Hope we can get a good "back above" trade on EUR pairs.
EURUSD
snapshot

EURCAD
snapshot

EURNZD
EURNZD
+1 Reply
PriceActionTrading PriceActionTrading
Its an economic sentiment, coming right up 90mins more. Its definitely RED.
Way i see it, price is adjusting lower for better long entries. Unless otherwise proven :)
+2 Reply
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