Good afternoon ladies & gents,
EURGBP has presented us with a bullish structure. After correcting downwards to the H4 Breaker, price hunted below yesterday's low followed by giving us a Break of Market Structure on the M30.
Price came down in New York Gap time to pin the M30 bullish orderblock which confirms our entry. We entered with a stop below the bullish orderblock.
As the institutional orderflow is still bearish, we're just aiming for a short term target of the D1 bearish orderblock where we're anticipating a reversal based setup.
I wish you all good luck and good trading.
EURGBP has presented us with a bullish structure. After correcting downwards to the H4 Breaker, price hunted below yesterday's low followed by giving us a Break of Market Structure on the M30.
Price came down in New York Gap time to pin the M30 bullish orderblock which confirms our entry. We entered with a stop below the bullish orderblock.
As the institutional orderflow is still bearish, we're just aiming for a short term target of the D1 bearish orderblock where we're anticipating a reversal based setup.
I wish you all good luck and good trading.
Trade closed manually:
Closed a few pips in profit. No institutional sponsorship at all from this level. I'll wait for the next buy zone to be hit before looking for a re-entry
Trade active:
Set a limit order in the morning to see if the zone would hold. It did, so back in the trade.
Order cancelled:
No sponsorship. Closed at BE.