EURGBP: Buy Opportunity at Sliding Parallel

FX:EURGBP   Euro / British Pound
594 8
The slope of the pitchfork is pretty valid, and the price is now retracing to the sliding parallel above the median line , which has acted as strong support previously. Going long with sl and tp as shown in the chart is a very nice idea. The risk/reward ratio of this setup is a great one (4:1)
Trade closed: stop reached
So can we again start the long here ?
@Yakir, In my opinion, no..! No need to..! Losers are part of the game..! With a proper MM and high risk/reward ratio setups you can't go wrong..! The AUDUSD and the NZDJPY are doing great... So making 6 units in two trades and losing 1 in another one, and you have made a great profit for the day..! I hope you took my other two setups today..! Thank you for your support..!
Yakir Fxprotrader
@Fxprotrader, thanks
But I noted that price have reached yr stop and after will go to the take (from previous signals )
@Yakir, In that case, I used my stop-loss wrong..! I am done with this setup..! I always use tight stops based on structure..! If I wanted to just show winner in Tradingview I would aim for a 1:1..! Forget about this setup for now..! Let's move on..!
Yakir Fxprotrader
@Fxprotrader, agreed
But for really interest matter - will see - price will go in long after spikes the traders stops
Stop reached
Seems stop wil be reached
But I'm in long
Will see
@Yakir, It came down with force breaking both the sliding parallel and the median line...
+1 Reply
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