EUR/GBP - Sell
As you cab see from this pair it has made retrace back to the trendline, at the moment price is going down I wont be entering the trade now. I'll be looking for another higher low to form and head back to the trendline. I will be watching the pair and waiting to see this to form if it doesn't then the trade will be not be on.
If it touches the trendline after the higher low has formed that is when I will be looking for an entry point I will be watching the 1hr chart to watch for a candlestick/candlesticks to form this will then be my entry point
SL - 0.87
TP - 85186
This is where I will be setting my TP & SL upon entering the trade I may adjust these once I have entered the trade depending how the trade goes
Let's see how this one plays out
If it touches the trendline after the higher low has formed that is when I will be looking for an entry point I will be watching the 1hr chart to watch for a candlestick/candlesticks to form this will then be my entry point
SL - 0.87
TP - 85186
This is where I will be setting my TP & SL upon entering the trade I may adjust these once I have entered the trade depending how the trade goes
Let's see how this one plays out
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.