I'm looking for a clear rejection on the 1H time frame for EURGBP in confluence with the trend and zone for a long position. Target is the next zone upwards.
If it breaks trend I will be looking for a retest of the trend and zone for a short position to at least the next zone downwards.
Stop loss below the old lows in case of the long or above the trend in case of the short position.
If it breaks trend I will be looking for a retest of the trend and zone for a short position to at least the next zone downwards.
Stop loss below the old lows in case of the long or above the trend in case of the short position.
Trade active:
Entered the short at 0.89200 with the retest.
Stop loss at 0.89530
TP at 0.87330
Entered the short at 0.89200 with the retest.
Stop loss at 0.89530
TP at 0.87330
Comment:
Protecting the trade by putting it break-even. This is now a risk-free trade.
Comment:
Stopped break-even and rejected again. It happens.
I will be looking at price action and might re-enter at same price if the opportunity arises.
If not, there's always another trade
I will be looking at price action and might re-enter at same price if the opportunity arises.
If not, there's always another trade