EURGBP Short - 4 hour supply
An impulsive move down on 12th May broke structure with a sharp increase in volume. The final 4 hour area of supply hasn't yet been reached. I am going to look to short from here.
Already have a small limit order set, will wait for lower timeframe to flip bearish and if it does add to the position.
Already have a small limit order set, will wait for lower timeframe to flip bearish and if it does add to the position.
Note
Still a valid zone, should tap into soonTrade closed: stop reached
Looking like a loss. Only half risk, ltf never gave any bearish movementWill need to re analyse this pair
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.