Hi guys, That's my price action analysis about EURGBP. *Please to remember that we are in the end of the week, so its better to don't keep any positions open during the weekend* After a drawdown move, price stopped into the Demand zone of March. Even if we start playing in a range, what I’m expected now is to see a pullback until Sellers Level. I Set Up 2 targets, with the second one Risk Reward Ratio can be 2.9 times bigger.
*I recommend to place stop loss little bit more distant than a Support/Resistance, at a level where it invalidates your trading setup. Always keep a control of your positions.
Tap a LIKE if you think is a useful idea. Did you make an idea about this pair? Share it in the comments. In this post, I not recommend buying or selling so please do your own research, and follow your trading plan with a properly Money Management.
Thank you for reading.
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Guys, Markets are moving very slow today, so they just respect the high & low of the recent session. I'm gonna take again this trade on the next week, but for now don't leave any open position during the weekend. Thank you
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Guys, we are back to the buyers area. I’m gonna have an entry in this area, because previously trades were closed due to the weekend. Risk Reward Ratio its gonna be better then before.
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RISK RATIO 3.56 with the first target.
Trade closed: stop reached
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Guys, position closed in stop loss. We cannot be always right, but the important things is always look for setup that can guarantee a good risk reward ratio, great opportunity of entry, and that respect our Trading Plan, thank you.