EG: 4-hrly long-setupAfter a -8% downtrend from Aug 19 through todays currently traded prices, we can look at the well proven level of 0.85 as current support to be respected. This potentially could be the bottom we are waiting for for an entry, but we won't know any time soon. We are however looking for a long entry today, as the 0.85 continuously is subjected to being rejected following price testing it. As always stoploss, entry, and targets are provided live when we enter the trade on our end. Stay tuned to our telegram channel for updates. Keep in mind that it's thanksgiving.
Eurpound
Eur Pound Down we go Good afternoon
so currently we are in a down trending market
what I see is the following :
- down trend
- a bearish triangle / flag
- market has been stalling on the line for a while : meaning a breakout will eventually occur
My entry signals:
- a break and close of the lower low : with retest then enter
- a break south of the triangle
stop will be above the previous high where the triangle has been placed and tps will be where areas of past strong support were
your friend Kris
If you have any questions or comments feel free to jump in and give me your perspective
www.mymentortv.com