Currency Pair: EUR.GBP
Time Frame: Weekly, Daily & 1hr
Predicted Direction: Short
EUR.GBP updates will be available in the comments section below.
The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
Time Frame: Weekly, Daily & 1hr
Predicted Direction: Short
EUR.GBP updates will be available in the comments section below.
The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
Comment:
Price has pulled back to an area of resistance, i will be watching price closely over the coming hours.
Comment:
Please be aware of the BoE Interest Rate Decision in the coming 5hrs, increased broker spread and volatility which should be taken into consideration.
Comment:
Who executed this position and made money? NOT me...... Why?
A great trade opportunity with textbook confluence factors, however although price formed a 1hr high-test reversal candle it wasn't enough confirmation prior to the BoE news release.
Although this would have been a winning position, it's key to stick with your rules.
Your plan is your key to success.
A great trade opportunity with textbook confluence factors, however although price formed a 1hr high-test reversal candle it wasn't enough confirmation prior to the BoE news release.
Although this would have been a winning position, it's key to stick with your rules.
Your plan is your key to success.