Possible EUR/GBP Long Position!! Long

EURO / BRITISH POUNDICE

Description

⋅ Feb 12, 2019 6:14 AM

SMP TRADING
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY

Chart time frame - H4
Timeframe - 1 Day
Actions on -
A – Activating Event
Market consolidating above the 200 mva and has reached a condition of being oversold.If we see a break above the 0.878, a long position may be an option :)
B – Beliefs
Market move towards the first Target 1 level @ 0.881

FX:EURGBP

Trade Management
Entered @ Sign up for mentoring
Stop Loss @ Sign up for mentoring
Target 1 @ 0.881
Target 2 @ 0.

Risk/Reward @ 2.1

Happy trading :)

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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!

Comments

MoneyballAustin

⋅ Feb 12, 2019 8:24 AM

GL ben. im staying away from EG right now, what i look for is not poping out for me

SMPTrader

⋅ Feb 12, 2019 9:14 AM

@MoneyballAustin, Ok great!! I like that you are disciplined to stay out of the market when it doesn't meet your rules, well done!!