EURGBP IDEA
Updated
- The price failed to make a clear impulse to the upside, which means this channel of correction is still valid
- the lower time frame (1h) is making an impulse to the downside.
- wait for a break on the channel on the lower timeframe and observe the 15m for entries.
- use sell stops for entry and don't forget to place stop loss in case the analysis is wrong.
- may 13 2022
- the lower time frame (1h) is making an impulse to the downside.
- wait for a break on the channel on the lower timeframe and observe the 15m for entries.
- use sell stops for entry and don't forget to place stop loss in case the analysis is wrong.
- may 13 2022
Note
- the 1h channel was finally broken, heading to the downside- observe the 15m for a possible continuation channel to be formed.
- enter sell stop on the break of the channel in the 15m chart
- Don't forget to PLACE A STOP LOSS on the trade you might take.
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