imdbesttrader
Short

EURGBP -60M- SHORT

FX:EURGBP   Euro Fx/British Pound
148 2 4
1. There is a strong resistance zone (Weekly ).

2. In past Price has reversed from this zone.

3. Price is not able to break resistance.

4. RSI is moving downwards.

6. The trend is bullish in daily time frame. However in this setup we can take benifit of the retracement.

4.There is decent risk reward ratio. There will be always be good risk reward ratios in the Ideas that that I'll share.

5.Short is the call

6. Idea is published for education purposes only. Please feel free to ask questions, give constructive feedback and your views. Please hit on like, it's an incentive to me and motiviates me to share more setups.
Trade closed manually: Trade was closed early becuase the price was not moving as expected.
So, you might take the 4h charts for accurate setups. Wish you good learning!
Reply
Hi Gorbie, Thank you for your suggestion. I take the 4h chart and daily, at times consider hourly chart. My risk reward ratio is good. Normally I close the trade even before it hits S/L because I come to know in the very next candel where the move is going to be. Like in this case I close the trade before it hit S/L. However there is lots to learn from you and form others. Thank you!
Reply
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