Gnosis

Gnosis

Explanation on chart.

Gnosis

Hey folks, I have opened a Sell Limit trade. The past lows and highs since Europe session start indicated to me that price wants to go lower for a few hours. To get a more beneficial Risk Reward ratio, I decided today to enter with a limit order at the P-line with a Target at the S1-line and a stop just above the last swing high. Let's see how this one plays...

Gnosis

At the opening of the European market, we saw a big bear candle going through the Asian session Stops. Then the retracement followed with a bearish engulfment not reaching high enough. This signals the start of a trend for me. Target is at the S1 pivot

Gnosis

Daily chart shows a downtrend for EURGBP. So we are looking in the charts for ideas to go short. This one is a possible entry short on the M15 chart, based on a head and shoulders pattern where the neckline is also a double bottom. First Target for this trade is the S1 daily pivot, which coincides with a H4 Support level. Sell Stop at 0.7070 (cancel order if...