EURGBP 240 new HH and short trade
Trade entry 6/19/19 5:23 pm:
RSI close below 50, W%R close below 80. SL 61.8 @0.89156, above recent SRZ. TP 161.8 @0.88178, also at SRZ. Not 100% confirmed UT has new HH. And even if so, could go for retest.
However, this RSI and W%R movement is the most extreme since last HL 3 May 19 so trade was executed.
RSI close below 50, W%R close below 80. SL 61.8 @0.89156, above recent SRZ. TP 161.8 @0.88178, also at SRZ. Not 100% confirmed UT has new HH. And even if so, could go for retest.
However, this RSI and W%R movement is the most extreme since last HL 3 May 19 so trade was executed.
Trade closed: stop reached
The price action retested the trendline it recently broke through - what a surprise. I still plan to execute a short trade shortly.
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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.