FX:EURGBP   Euro / British Pound
364 2 16
EURGBP             seems like it is about to make another attempt to take out the previous high by means of an extension higher.
If you are not in the trade yet, wait for a consolidation and watch for a possible buy continuation trade once the consolidation is complete.

Updates will follow
Comment:
snapshot
Comment: My first buy got stopped out at break even (and a small profit to compensate for the swap).
However this morning we saw another buy opportunity which I traded. Once we break above the previous high of this week I have to adjust stop loss. This is due to the fact that we might see only a bullish correction within a bearish correction of larger degree.
snapshot

Updates will follow.
Comment:
snapshot

I didn't take profit but only adjusted my stop loss. In my original post I wrote:
"seems like it is about to make another attempt to take out the previous high by means of an extension higher."
Today's impulse might present another buy opportunity once we see a consolidation of lesser degree.
Comment: This pair is moving slowly higher and I think we might see another leg higher. The 15 min time frame shows a nice continuation pattern. I will be looking for a bullish break after this minor consolidation to add another buy to my long positions.
snapshot
Comment: Arrows are indicative, I expect more bearish price action but let structure confirm that.
snapshot
Thanks for sharing Tim.....Your chart is very clean and easy to understand...:)
+1 Reply
TimStuyts sakseeda007
Thank you, I will update since we didn't see the bullish continuation and now we have another great trade opportunity for the short.
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out