Why I Think EURGBP Will Continue to Sell
Hey Rich Friends,
I think EG will continue to sell for a bit. Here is what I am looking at.
Why:
- Prior rejections in this area (red rectangle).
- Break of structure on the previous candle
-MOM is negative
- STOCH below 50
WAIT FOR:
- Candle to close below 50 EMA
SL: 0.87400 or Higher (40 PIPS)
TP 1: 0.86600 (40 pips) 1:1RR
TP 2: 0.86400 (60 pips) 1:1.5RR
TP 3: 0.86200 (80 pips) 1:2RR
Result:
Pending
Please Do Your Own Analysis And Use Proper Risk Management. If You Do Market Execution, Adjust Your Tp And Sl To Your Actual Entry.
I think EG will continue to sell for a bit. Here is what I am looking at.
Why:
- Prior rejections in this area (red rectangle).
- Break of structure on the previous candle
-MOM is negative
- STOCH below 50
WAIT FOR:
- Candle to close below 50 EMA
SL: 0.87400 or Higher (40 PIPS)
TP 1: 0.86600 (40 pips) 1:1RR
TP 2: 0.86400 (60 pips) 1:1.5RR
TP 3: 0.86200 (80 pips) 1:2RR
Result:
Pending
Please Do Your Own Analysis And Use Proper Risk Management. If You Do Market Execution, Adjust Your Tp And Sl To Your Actual Entry.
Trade active:
Sell limit triggered at 0.87000 and trade is currently in profit.
Trade closed: target reached:
TP 1 HIT! TP 2 AND TP 3 ARE PENDING
Comment:
TP 2 HIT! TP 3 PENDING!
Comment: