Why I Think EURGBP Will Continue to Sell
Hey Rich Friends,
I think EG will continue to sell for a bit. Here is what I am looking at.
Why:
- Prior rejections in this area (red rectangle).
- Break of structure on the previous candle
-MOM is negative
- STOCH below 50
WAIT FOR:
- Candle to close below 50 EMA
SL: 0.87400 or Higher (40 PIPS)
TP 1: 0.86600 (40 pips) 1:1RR
TP 2: 0.86400 (60 pips) 1:1.5RR
TP 3: 0.86200 (80 pips) 1:2RR
Result:
Pending
Please Do Your Own Analysis And Use Proper Risk Management. If You Do Market Execution, Adjust Your Tp And Sl To Your Actual Entry.
I think EG will continue to sell for a bit. Here is what I am looking at.
Why:
- Prior rejections in this area (red rectangle).
- Break of structure on the previous candle
-MOM is negative
- STOCH below 50
WAIT FOR:
- Candle to close below 50 EMA
SL: 0.87400 or Higher (40 PIPS)
TP 1: 0.86600 (40 pips) 1:1RR
TP 2: 0.86400 (60 pips) 1:1.5RR
TP 3: 0.86200 (80 pips) 1:2RR
Result:
Pending
Please Do Your Own Analysis And Use Proper Risk Management. If You Do Market Execution, Adjust Your Tp And Sl To Your Actual Entry.
Trade ativo
Sell limit triggered at 0.87000 and trade is currently in profit.Trade fechado: objetivo atingido
TP 1 HIT! TP 2 AND TP 3 ARE PENDINGNota
TP 2 HIT! TP 3 PENDING!Nota
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.