here is my idea for eurgbp long
its based on following rules:
- currency strength, eur very strong / gbp very weak
- we are building a W with every high beeing higher than the previous one i think it was a bullish W - dont judge if im wrong -
- the last leg of W always exploding, in this case a bullish W im relying on buying pressure could kick in and take the price on a much higher level
- i have marked the weekly pivot with a yellow bar - we are trading above the weekly pivot which is indicating us that the market is very bullish
- the white line represents the resistence of price, which was - touched 1 time, faked a breakout 1 time than faked a breakout 2nd time and now finally broke and retested it
- only not so good thing about it, entering the market now means - entering a currency pair which is market is currently not open, its begin of NY SESSION but the pair loves LONDON ;)
lets $$ee if we get a bullmove
im excited to see what will happen
its based on following rules:
- currency strength, eur very strong / gbp very weak
- we are building a W with every high beeing higher than the previous one i think it was a bullish W - dont judge if im wrong -
- the last leg of W always exploding, in this case a bullish W im relying on buying pressure could kick in and take the price on a much higher level
- i have marked the weekly pivot with a yellow bar - we are trading above the weekly pivot which is indicating us that the market is very bullish
- the white line represents the resistence of price, which was - touched 1 time, faked a breakout 1 time than faked a breakout 2nd time and now finally broke and retested it
- only not so good thing about it, entering the market now means - entering a currency pair which is market is currently not open, its begin of NY SESSION but the pair loves LONDON ;)
lets $$ee if we get a bullmove
im excited to see what will happen
Trade closed manually