PriceActionTrading
Short

$EURGBP SELL D1 ON 50SMA AND 0.74 KEY RESISTANCE.

FX:EURGBP   Euro Fx/British Pound
113 2 1
ENTERED SELL EURGBP             @ MARKET.
BEARISH TRADE BASED ON THESE CRITERIA:
D1 PRICE CUT 50SMA BUT CLOSED BELOW IT
H4 BEARISH DIVERGENCE. PRICE MAKING HIGHER HIGH WHILE RSI MOVES DOWNWARDS SLIGHTLY
NEARING 0.74 KEY RESISTANCE
D1 PRICE SLOWING DOWN AS IT IS APPROACHING 0.74
LASTLY, I FEEL EURGBP             IS OVEREXTENDED. EUR IS AFTERALL NOT DOING WELL FUNDAMENTALLY.

TRADE INVALID IF PRICE CLOSED ABOVE 0.74 ON THE D1.
CLOSED HALF AT TP1: MOVED STOP TO BREAKEVEN.
LOOKING FOR GREEDY TP2
Reply
PriceActionTrading PriceActionTrading
2 years ago
LOOKING TO RE ENTER SELL AT FAVOURABLE PRICE.
HOPING FOR A BULL TRAP MOMENT ON THE H4 TIMEFRAME.

snapshot
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