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TheSignalyst
Jul 31, 2022 5:30 PM

EURGBP - My Trading Plan in a pictureΒ 

Euro Fx/British PoundFXCM

Description

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Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

EURGBP is overall bearish trading inside the blue channel.

As per my trading style/plan;
Here are the two strong zones where I will be looking for high probability setups:
I call them War Zones, (highlighted in Purple circles)

Zone 1: (around 0.845)

This highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper blue trendline. (acting as non-horizontal resistance)

Zone 2: (around 0.830)

This highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support and lower blue trendline. (acting as non-horizontal support)

As per my trading style:
As EURGBP approaches one of the purple circles, I will be looking for reversal setups (like a double bottom /top pattern, trendline break , and so on...)

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich
Comments
mastershark
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πŸ’―πŸ’―πŸ’―
AlkalineFX
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Thanks for posting this!
yonsfx
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Let’s go signalyst
Tolberti
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Looks like a nice setup here. Amazing work!
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