I wount be able to take this trade because my broker is still closed, waiting for some kind of reversal candle stick on H1/H4 then I would have bought here.
This idea Im kind of stealing from a trading friend, good setup imo. Waiting for a reversal near my zone and then ill buy it
Found this big shadow, I am late but it might be a good thing because the price climbed, lets see :).
If the candle after this current one manages to trigger my first line I will take it. as It hits my targets I will move my SL to the previous target until I have reached line 4. Im only risking 1% on this one.
Potential sell setup next week, will wait for a reversal on the daily.
I missed my previous trade so I decided to climb in a bit later but also a more longer term view.
Waiting on a H4 reversal candle, then I will be selling
Gonna give the gbp another shot if it gives me a rev pattern on the H4 ill take it.
Considering a long if it gives me a nice reversal within the zone, otherwise a reversal on my trend line.
Thoughts on this? I have mixed emotions a bout this on TBH but I do feel it will go down for atleast a retest of the zone before possible going up.
Lost my prev one on it, going to go at it again if H4 closes red ;)
It it shows a reversal candle stick under the trendline I will sell it.