EURGBP - ZOOM IN - If price breaks through trendline and closes above Camarilla R(H)4 and weekly central pivot it will be a sure BUY to Camarilla R(H)5 (didnt plot that) or weekly R1. If price is rejected at trendline + CAM R4 + WCP it will be sure SELL - what is most likely scenario as there is a trendline. Actually I already opened a sell position as stop is tight anyway *8 pips to weekly pivot. I also opened a sell on EURUSD (to daily pivot and a buy on USDCHF (TP was just filled)
PS Tip - notice I draw a trendline after CLOSE *use LINE chart for that. High low trendlines arent always reliable, as a wick can be just one trade...
PS Tip - notice I draw a trendline after CLOSE *use LINE chart for that. High low trendlines arent always reliable, as a wick can be just one trade...
Trade closed: target reached:
Short target (daily pivot) was hit at night