EURGBP 50 fib line holding Like the Western Wall Hoping to capitalize on what I said in the title!
What I am doing: See text description in the chart + visual description.
Basically the 50 fib line is strong and I am expecting a rebound to a consolidation zone at the very least. I'm safe so I won't be extending the TP past the consolidation zone.
Risk reward is mouth watering.
Stop loss is set to reduce the risk of being stopped out. Thinking ahead: 🧠
Fibs GoatWay
Rugrat
EURUSD Return of the King (=prior ranges)It is possible that neither of these trades are triggered. This is my fifth published idea. I am not deleting any ideas so I am going to keep count (that way I can't delete it) 💯
edit: well actually I could still technically be deleting ideas. But since I post pretty frequently it will become obvious if I am deleting my trades.
*If I delete an idea it's for like 10 minutes as I fix something on the chart, and then reupload it. I wouldn't commit to an idea and delete it.
This is simple support and resistance . I currently lack a forex vocabulary so I could be missing a categorical word.
Basically this revolves around the purple rectangle boundaries being returned to.