EURGBP Buy

Updated

The above buy was gotten from a breakdown of the Weekly, Daily and 4HR price came down to retest previous weekly support that held price up since August 2022 so we know this lvl is strong. I waited to receive a Bullish Day reacting from the Weekly Lvl indicating there is still Bulls present at this Lvl then looked on the 4HR
The daily Bullish Candle gave us a BOS on the 4HR creating an inverse H&S
My entry was based on the right shoulder plus a double bottom at that shoulder

Entry was M/E at round physic Lvl
Trade closed: target reached
Price played out perfectly to my TP exactly before getting a reversal from the 4HR
bearish Candle, I took a second entry on this (2 entries you see are 1 entry on 2 different accounts) I will see If I can post the screenshot I have of it

I might be looking at taking sells on this Pair but possibly after we break my weekly zone to confirm we are now continuing the bearish trend to the downside
Trade closed: target reached
snapshot
Second entry gotten from the lower timeframe
Chart PatternsTrend Analysis

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