EurGBP - retest after huge breakout on December 2019
EG on Daily last year made enormous fakeout like 140 pips! Probably pissed off a lot of people. And now I see finaly retest, with another small 30 pips fakeout.
Last indecision candle on the bigger false breakout made demand area, which pushed price very high. Our fresh small 30 pips fakeout made at the same time retest of demand and the big fakeout - nice!. So I'm ready for a trade. My SL level is for me confirmed, TP should be as big as fakeout.
I'm setting buy limit, not entering this trade yet, because I still dont see engulfing bearish as a last retest. I expect now small move, 35 pips to the small green temporary support, bounce back and fill my order at main support. Have a good monday Guys!!
Last indecision candle on the bigger false breakout made demand area, which pushed price very high. Our fresh small 30 pips fakeout made at the same time retest of demand and the big fakeout - nice!. So I'm ready for a trade. My SL level is for me confirmed, TP should be as big as fakeout.
I'm setting buy limit, not entering this trade yet, because I still dont see engulfing bearish as a last retest. I expect now small move, 35 pips to the small green temporary support, bounce back and fill my order at main support. Have a good monday Guys!!
Trade closed manually