Going Short on EURGBP Daily
Cypher pattern
Strong resistance @ 0.8000 (D or reversal zone)
Stoch moving to oversold (it will by the time it reaches D)
My Set up
Limit Short Entry @ D
one @ 0.7990 -/+ and one @ 0.8000 -/+
Stop loss above X (0.8060) My stop loss is larger for this trade due to next resistance which is a @ 0.8050
makes my risk reward average 1:1
target 0.7960 and 0.7930
Total Pips 30 + 60 =90 pips
Good Luck all
Cypher pattern
Strong resistance @ 0.8000 (D or reversal zone)
Stoch moving to oversold (it will by the time it reaches D)
My Set up
Limit Short Entry @ D
one @ 0.7990 -/+ and one @ 0.8000 -/+
Stop loss above X (0.8060) My stop loss is larger for this trade due to next resistance which is a @ 0.8050
makes my risk reward average 1:1
target 0.7960 and 0.7930
Total Pips 30 + 60 =90 pips
Good Luck all
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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.