Possible EUR/GBP Short!! Short

EURO / BRITISH POUNDICE

Description

⋅ Nov 21, 2018 7:15 PM

SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY

Chart time frame - H4
Timeframe - 1-2 Weeks
Actions on -
A – Activating Event
Currency Pair in the move to create a Double Top .
B – Beliefs
Currency pair will move north to the @0.8928 to the @0.8959 area. Followed by a south move to the @0.87 level.

FX:EURGBP

Trade Management
Entered @ Still waiting for confirmation and for the double top to form
Stop Loss @ 0.8959
Target 1 @ 0.882
Target 2 @ 0.87

Risk/Reward @ 3.5:1 & 8:1

Happy trading. Will let you know closer to the time if or when executed:)

Follow your Trading plan, remain disciplined and keep learning !!

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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!

Comment

⋅ Nov 22, 2018 1:22 AM

Trading update

Still waiting for confirmation. Waiting for the trade to push up to the 0.8928 - 0.8959 region.