Hello Everyone!
How are you all?
EurGbp is a pair to watch this week, because it is shaping up very nicely for a bearish trend continuation that we can capitalize on.
So, I will be looking for a bearish continuation because of the following reasons:
1. The overall trend is bearish.
2. The price has formed a bearish structure.
3. The price has approached the value area, completed the third touch of the structure, and made a bearish impulse.
Game Plan:
If the price forms a 15mins/1H flag with two highs and lows.
Entry : will look for a risk sell entry within the flag or a reduced risk entry on the breakout of the flag.
How are you all?
EurGbp is a pair to watch this week, because it is shaping up very nicely for a bearish trend continuation that we can capitalize on.
So, I will be looking for a bearish continuation because of the following reasons:
1. The overall trend is bearish.
2. The price has formed a bearish structure.
3. The price has approached the value area, completed the third touch of the structure, and made a bearish impulse.
Game Plan:
If the price forms a 15mins/1H flag with two highs and lows.
Entry : will look for a risk sell entry within the flag or a reduced risk entry on the breakout of the flag.
Trade active
Trade closed manually
Related publications
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.
Related publications
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.