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InvstingWise
Dec 11, 2017 11:17 PM

EURGBP potential scenarios Long

Euro Fx/British PoundFXCM

Description

Last leg up could complete the descending channel and create the conditions for the impulsive bearish move. Huge divergence on the Money Flow Index though, is potentially enough to lead the price to retest even the 78.6 fib area before the down move.

1) Never risk more than 2% of your account.
2) Try to be emotionless by applying your strategy to the pip.
3) Invest to yourself and then your capital. Try to educate yourself along with the signals and enhance your risk intelligence and your perception on how Markets work.
4) You do not have to be extremely precise to be highly profitable as long as you take the set-ups with big R/R.

Comment

Watch out, since the 1-hour trendline is probably about to brake.

Comment

If you bought the retracement according to the arrow, you made nice pips. Now it's probably time to close your positions and look for opportunities to short.
Comments
tapper
Very interesting idea. Looking forward for a good entry.
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