Euro / British PoundUpdated EURGBP Incoming Opportunity
The instrument has created a triangle due to the formation of lower highs and higher lows on H4 chart.
The price is currently trading in the middle of the structure at around 0.8890
A break on either side will give us a signal for further direction.
Keep in mind, D1 range was broken from the resistance and price is currently lurking at that area;
A break above the triangle on H4 would give more power to go long;
Awaiting signal ... Patience is a virtue!
The price is currently trading in the middle of the structure at around 0.8890
A break on either side will give us a signal for further direction.
Keep in mind, D1 range was broken from the resistance and price is currently lurking at that area;
A break above the triangle on H4 would give more power to go long;
Awaiting signal ... Patience is a virtue!
Note
The break is obvious, now waiting for the pullback to attach with a good buy.Likely area for the pullback to begin is the resistance at the previous high.
For those who have the balls, you could take advantage of a short term sell there.
For the not so ballsy ones, we are waiting for the pull back to complete :)
Note
Note
Top of channel resistance hit after a massive rally. Great sell opportunity before the next big move up
Enter short now
SL: 0.9050
TP: 0.8960
Note
Trade active
Note
Trade closed: target reached
Trade closed at target price of 0.8960+55 pips profit out of the correction
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.
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.