I’ve been riding this consolidation for some good waves. Surfing all through the pips
Great morning during the London session. Bias was sells as we rallied hard last week. Was looking for a solid pull back to take sells on. Took my first entry before price broke below. Took 2 more positions after price broke support and SL was at BE on all trades. Managed my profits and fully exited last 2 positions at 138.200. Who else caught these sells?
We can see a reverse head and shoulders pattern forming. If we get a close above the previous highs we will be looking for the bullish breakout to the next zone. As of know, I'm expecting a little fib based retracement. We will continue to monitor throughout the day waiting for any news to possibly shake the price a little.
My partner, MoegoTraderBleezy, has been reviewing the status of the pair leading into the weekend and coming into market open. After hearing his analysis and doing a quick glance and mark up myself, I am inclined to agree with him as far as the pair about to breakout to continue the current bullish trend. We both agreed that waiting for the upcoming news to break...
175 pip potential trade on OANDA:EURGBP . Enter short on neckline break.
1 Day Chart has a solid resistance band, in which we can short.
an opportunity after a big bullish day losing momentum, confidence arises when it crosses 15m resistance and MA which price shall go to 1d support. enter only when candles confirm. trade according to your system only tp 20 pips sl 10 pips sell stop - pink line 136.187
Grey area shows ranging price as 4hr and 1d as strong resistance and support, the losing momentum should be followed up with a break upward of 4hr resistance which will be a good opportunity to enter a trade for long position. upon higher timeframe analysis, it offers more potential pips as well. trade according to your system only. sl 10 pips tp 20 pips buy...
another opportunity to short a strong resistance and losing bullish momentum. will enter trade when it break the 15m support. trade only according to your system sl 10 pips tp 20 pips sell stop - pink line
Do your own analysis ... Dont Forget Moving StopLoss At Breakeven Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. You must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone....