Reaching key resistance level of 1.5500 ,also daily pivot point , indicators confirming for potential sellers activity. Risk reward 2:1. Trade balance news for Australia get better than expected results , EUR unemployment rate news coming soon , expected to be worse than expected. Thanks!
The trade can be took on the doji bar now or waiting for bearish engulfing bar appear , mostly im taking trades at the doji to maximize profits. I dont expect much impact of the following news today , because they were not good for both currencies , so i think it will continue following the trend. Thanks!
Short eur/gbp , take profit on the first bullish bar or keep till hit TP. This is my first post here so im still learning how to do it. Cheers ..... Made a mistake , put the red and green area slightly later on the chart. The trade start from the first bearish bar.
