EURGBP - Bias is still bullish, BUT that may soon change
Long trade still active. (Long @ .89652) First TP reached. Adjusted SL to .90210
EG will have some resistance before reaching final TP (.90850). I may take profits early if price action turns bearish.
My chart is cluttered with the past trades I have yet to delete. As you can see, I've been actively trading this pair this past month and have had a Bullish bias since the beginning of Sept. I've been entering long when EG has pulled back while the crowd entered short expecting a correction. That bias has lead to significant gains. With that being said, the chance is increasing for a significant correction (versus just a pull back).
1D:
1M:
1W:
EG will have some resistance before reaching final TP (.90850). I may take profits early if price action turns bearish.
My chart is cluttered with the past trades I have yet to delete. As you can see, I've been actively trading this pair this past month and have had a Bullish bias since the beginning of Sept. I've been entering long when EG has pulled back while the crowd entered short expecting a correction. That bias has lead to significant gains. With that being said, the chance is increasing for a significant correction (versus just a pull back).
1D:
1M:
Comment:
Difficult to see price action on D1 chart above.
Trade closed: target reached:
Took profits @ .9025 for a 60 pip gain.
KEEPING SCORE: WIN
KEEPING SCORE: WIN
