Fxprotrader
Long

EURGBP: Bullish Harmonic Patterns Completed at Key Zone

FX:EURGBP   Euro / British Pound
299 4 13
Price has formed two bullish harmonic patterns , a bat and ab=cd , with their D points testing a key support zone . I will enter this trade with three positions as shown at the chart. If price reaches the first target i will move stoploss to brekeven at the other two ones.

Key support zone:

snapshot


Like and comment if you agree!
Trade closed: target reached: My first position was traded successfully. What i would like to mention to this trade guys is how important is to not to be panic when things go against you. Price almost reached my stoploss by i had placed to that point for a reason. If i had stopped out it would be my fault for placing it to the wrong level. Now that it worked it was because i planned it correctly.

Now move your stoploss to breakeven and sit back relaxed watch if price moves higher giving us more profit to the rest open risk free trades.
Comment: EURGBP has formed another powerful setup adding to our thoughts going long. For those who didn't trade it on time here is the new setup.

snapshot
Trade closed: stop reached: 2nd and 3rd position stopped out with stoploss at breakeven after successsful first trade.
Hello, im expecting a correction also but i prefer to trade this pair long term on D1 chart. Entry would be at 0.7000 for a potential bullish shark. The EUR is still weak and we have Draghi's speech tomorrow. Regards.
+4 Reply
manijeh.kazemi.33 FullTimeTrader
hi I think so
Reply
PeacefulTian FullTimeTrader
Agree with you..
I am still short now.. Looking the right time to entry long :)
Reply
PeacefulTian FullTimeTrader
Agree with you..
I am still short now.. Looking the right time to entry long :)
Reply
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