EURGBP... DUAL TRADE OPPORTUNITY
Hello Traders,
EURGBP is set to be bullish long term (at least for 2 months) and the weekly timeframe has adjusted accordingly to take out the daily trendline liquidity. The only issue is, for price to go bullish on both the weekly and daily, it must first take out all the liquidity pool it has created.
My approach is for price to go bullish, trigger the supply order block as indicated in my chart and go short to clear all the liquidity pool below. After which the weekly move will continue bullish (3rd trading opportunity).
First, I am looking to go long (confirmation on LTF) on this pair once price enters my POI (white box). With my profit target at the supply order block where I will be looking for an entry to go short (confirmation on LTF) to sweep all the liquidity.
If you like my trade idea and approach to the market, click on agree.
BR.
David
EURGBP is set to be bullish long term (at least for 2 months) and the weekly timeframe has adjusted accordingly to take out the daily trendline liquidity. The only issue is, for price to go bullish on both the weekly and daily, it must first take out all the liquidity pool it has created.
My approach is for price to go bullish, trigger the supply order block as indicated in my chart and go short to clear all the liquidity pool below. After which the weekly move will continue bullish (3rd trading opportunity).
First, I am looking to go long (confirmation on LTF) on this pair once price enters my POI (white box). With my profit target at the supply order block where I will be looking for an entry to go short (confirmation on LTF) to sweep all the liquidity.
If you like my trade idea and approach to the market, click on agree.
BR.
David
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.