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IvanLabrie
Jul 11, 2017 11:11 PM

EURGBP: Strong uptrend spotted Long

Euro Fx/British PoundFXCM

Description

The Euro is in a strong tred accross the board, and in particular, this cross pair offers a low risk long opportunity to FX traders. A tight stop is suggested on chart, you may buy now and add on dips like projected with the copied bars' pattern. Another choice is using a stop under the yellow box on chart.
Targets on chart.

Best of luck,

Ivan Labrie.

Comment

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Trade closed: stop reached

Tight stop hit. I continue to hold EURUSD, but this one was a flop for now.
Comments
munibshah
its buy signal now sir?
IvanLabrie
@munibshah, yes, if you risk 0.25-0.5% with the tight stop it's good, else, use a wider stop as suggested on chart.
munibshah
@IvanLabrie, thank you sir for your help
jangseohee
IvanLabrie
@jangseohee, buying now?
jangseohee
IvanLabrie
@jangseohee, ah you already bought there. Cool!
IvanLabrie
@jangseohee, that was close to the high of the Brexit day.
jangseohee
@IvanLabrie, i just gambled on the fake down for support but this time it works
IvanLabrie
@jangseohee, yeah, good one. Now you can hold, you could even add another trade here.
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