FX:EURGBP   Euro Fx/British Pound
1611 18 55
Was stopped out in short trade, so its time to go long. Details on the Chart !
Comment: Ok .. 1st attempt to go long on directional bias is here. Remember there are lot of pips to gain so making more than one attempt with small SL's are recommended or atleast thats how I plan will be.

snapshot
Comment: 1st entry is well in profit & looks like its safe now. Time to move SL to BE. Also its time to add new entry with SL at first entry. This method reaps huge dividends since one is always in same risk (risk of one trade) & keep building multiple position to ride the trend. So, 2nd entry will be on break of triangle.

snapshot
Comment: 3rd entry can be taken if this pattern completes. I have taken some profits in this pair & some positions at BE & so. Its going to be free ride for me personally trading on EG.

snapshot
it breaks the neck line hard
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FxSaint jangseohee
yes... that looks good for longs. Hopefully this week we will milk it ;)
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Target/Stop?
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FxSaint NickCoulby
Hi Nick, its a directional post... now that direction has been established I will go to lower timeframe for making my entry. If I have to trade directly from this weekly timeframe than I would go long on pull back of 20-25 pips that is at BRN 0.9500 & close the longs if price closes below the TL. And target would be minimum of 300 pips at 0.7800 level.
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great but I think there is a re-test trend
+1 Reply
FxSaint Alandalos
Yes, entirely possible for retest of TL. I will monitor it closely.
+1 Reply
Alandalos FxSaint
Cheers Good luck
+1 Reply
Great eye mate. Solid long setup. Thank you for sharing and all the BEST :)
+2 Reply
FxSaint moneymaking
Good luck to all of us. Thank you feedback.
+1 Reply
FxSaint moneymaking
Thank you for such a good feedback & I m happy to receive it from PRO like you :) I like your work too, so keep it up.
+1 Reply
I am not a pro mate, just a simple price action trader, trying to get my trading game to the next level. But appreciate the comment :)
+1 Reply
Have you already entered this trade? It seems like euro isn't really going below 0.7440.
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FxSaint _VincentP_
Yes ! It looks like it will hold there, but you cannot be 100% sure until it breaks the high & create higher high.
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Looks solid. Neckline is retested and respected so far.
+1 Reply
FxSaint Yahia.Awes
Yes, so far it played very well as per my expectation. I m planning to build equity millipede in this pair and also in EuroChf. I will keep updating if I find any new entries.
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Good idea, but before there is a Cypher...entry 0,7595
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FxSaint jukilo2000
maybe in lower timeframe ? But my experience is that when you trade below 1 Hr chart, most of the time price will not keep moving in your intended direction. In lower timeframe the cypher might work in all probability but it can retrace back & take out our entry. That is ok for intraday trade but with my idea I m trying to hold as many entry as possible in long direction & for that atleast 1 Hr timeframe is good, below that survival of entry has low probability. But this is only my experience & I m sure there are people who can trade from 5 mint chart in the direction of higher timeframes. Also please post your trade setup pics that will be good to understand things easily. Thank you for your feedback & participation in discussion.
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Awesome, congrats
+1 Reply
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