pezz55
Sergeant
- Messages
- 204
EURGBP idea
Ok so from last week I closed off my sell position in profit. With the drive down stalling and consolidating its time to look at the next set up.
Currently with GBP on bank holiday this week I will be looking for EUR to have some strength.
We have relative equal lows and a fib retracement level to use as confluences going in to this trade.
Where I have my entry we have an imbalance in price that would be good to be filled in this only needs to be 50% of the candle so looking at London open if we break down to the zone then Keep a close eye on market structure.
Remember key entry and price action will be needed.
Make sure you use proper risk management when trading. Let me know how you get on.
Ok so from last week I closed off my sell position in profit. With the drive down stalling and consolidating its time to look at the next set up.
Currently with GBP on bank holiday this week I will be looking for EUR to have some strength.
We have relative equal lows and a fib retracement level to use as confluences going in to this trade.
Where I have my entry we have an imbalance in price that would be good to be filled in this only needs to be 50% of the candle so looking at London open if we break down to the zone then Keep a close eye on market structure.
Remember key entry and price action will be needed.
Make sure you use proper risk management when trading. Let me know how you get on.