EURGBP broke the PAC and TDI so we could expect more bearish movement in daily TF. 4H is already very low so I entered this trade with a large SL in order to prevent early stop. This trade triggers nearly all my rules : - RSI<50 - Breaking PAC - Breaking TDI - Below MA
Comment
⋅
This will be a long trade... Looking at 4H TF to see if a reversal is coming.
Comment
⋅
As with other EUR pair, EURGBP is not going down as expected. This is unfortunatly usual in the market. However, my understanding is that it's not as bad as it seems. Weekly and daily are still bearish and staying under RSI 50. There is a probability that we see a bounce. Especially since 4H TF has risen strongly and attempt to break the trendline in red. If it doesn't succeed within 2 or 3 days, we should see a fall that will reach our target.
Comment
⋅
Bounce didn't happen but I didn't close it because we are already close to the SL. The hammer missed on Daily, but could still succeed on 4H!
Trade closed: stop reached
⋅
All my analysis for EUR pair was wrong... Should have closed them much earlier.