POSSIBLE EURGBP SET UP
Updated
TECHNICALS:
I EXPECT EURGBP TO RISE FROM @ 0.87000 (SUPPORT ZONE - KEY LEVEL)
I'M ENTERING THIS TRADE 2X (RISKMANANGEMENT CALCULATED) ,
MY FIRST ENTRY WOULD HAVE A TAKE PROFIT OF 135 PIPS (@ 0.88350)
MY 2ND ENTRY IS A SWING TRADE, WITH A TAKE PROFIT OF 380 PIPS (0.90800)
PS: IF EURGBP ISN'T ABLE TO BREAK MY FIRST TP (RESISTANCE) I WILL CLOSE MY 2ND ENTRY MANUALLY
FUNDAMENTALS:
-THUESDAY: EUR -> ECO FIN MEETING (WHOLE DAY) + GERMAN ZEW
-WEDNESDAY: !!GBP!! -> PPI/RPI !!
-THURSDAY: EUR -> MONETARY POLICY MEETING
-FRIDAY: GBP -> RETAIL SALES + PMI - EUR -> PMI COMPOSITE
DISCLAIMER: I AM NOT GIVING ANY ADVICE, I AM JUST SHARING MY IDEAS WITH YOU, USE PROPER RISKMANAGEMENT.
I EXPECT EURGBP TO RISE FROM @ 0.87000 (SUPPORT ZONE - KEY LEVEL)
I'M ENTERING THIS TRADE 2X (RISKMANANGEMENT CALCULATED) ,
MY FIRST ENTRY WOULD HAVE A TAKE PROFIT OF 135 PIPS (@ 0.88350)
MY 2ND ENTRY IS A SWING TRADE, WITH A TAKE PROFIT OF 380 PIPS (0.90800)
PS: IF EURGBP ISN'T ABLE TO BREAK MY FIRST TP (RESISTANCE) I WILL CLOSE MY 2ND ENTRY MANUALLY
FUNDAMENTALS:
-THUESDAY: EUR -> ECO FIN MEETING (WHOLE DAY) + GERMAN ZEW
-WEDNESDAY: !!GBP!! -> PPI/RPI !!
-THURSDAY: EUR -> MONETARY POLICY MEETING
-FRIDAY: GBP -> RETAIL SALES + PMI - EUR -> PMI COMPOSITE
DISCLAIMER: I AM NOT GIVING ANY ADVICE, I AM JUST SHARING MY IDEAS WITH YOU, USE PROPER RISKMANAGEMENT.
Note
trades are active , 17 pips in profit so far
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