Hello, I am Agape
a daily and weekly swing trader
Let's see what is happening on EURGBP
From weekly perspective, it had rallied 240pips from the previous weekly swing high and break 0.852 as previous weekly support now turn into resistance
From daily perspective, it has rejected 2 times (18 october and 21 october) with pretty huge volume
So I will place pending buy stop order above today's candle close, i assume that if the bull is valid, it will trigger my order and push higher printing higher high higher low structure on intraday timeframe (H4 and below)
Stop loss at daily swing low and target price at 0.852 as i mentioned before
Manage your lot size
Place your trade at your own risk
a daily and weekly swing trader
Let's see what is happening on EURGBP
From weekly perspective, it had rallied 240pips from the previous weekly swing high and break 0.852 as previous weekly support now turn into resistance
From daily perspective, it has rejected 2 times (18 october and 21 october) with pretty huge volume
So I will place pending buy stop order above today's candle close, i assume that if the bull is valid, it will trigger my order and push higher printing higher high higher low structure on intraday timeframe (H4 and below)
Stop loss at daily swing low and target price at 0.852 as i mentioned before
Manage your lot size
Place your trade at your own risk
Trade closed manually:
I closed all my position at 0.8463 (previous daily resistance)
and i place new buy limit order at 0.8432
SL 0.8399
TP 0.852
Trade still on the track, hold on
and i place new buy limit order at 0.8432
SL 0.8399
TP 0.852
Trade still on the track, hold on
Trade closed manually:
Weekly close (29 October 2021) signs that bear still in control in this pair. So i will consider to switch sell right after market open in Monday.
Result: lose few pips
Case closed.
Result: lose few pips
Case closed.
Previous: 0.841
After: 0.8399