I will show the weekly chart to express my point of how MAJOR This next move is going to be! EURGBP Price is coming to a SERIOUS SUPPORT level! it can do one of two things, so make sure you are ready for one or the other!
Plan A- It follows the past examples and hits this MAJOR support and respects it pushing up where BULLS will be in charge for awhile setting up for many buy ops! This support has held since 2016!!! Bringing me to my next point.
Plan B- If this support is BROKEN.......Get ready for a landslide to the downside and BEARS and PRICE will move down to a low low level over 200 pips. (Would love for this to be the case) I would be aggresive with this trade first candle that closes under this potion I would ENTER!! HOWEVER, Proper risk management says break and wait for retrace and enjoy the SHORT for a long fall! Make your decision.
I will update this analysis as the pair develops! I am betting it will move up, I am waiting for a rejection Hammer candle (I call them shooting stars) or an BULL ENGULF and I am in.
No Days OFF Until EVERYDAY is a DAY OFF.
Plan A- It follows the past examples and hits this MAJOR support and respects it pushing up where BULLS will be in charge for awhile setting up for many buy ops! This support has held since 2016!!! Bringing me to my next point.
Plan B- If this support is BROKEN.......Get ready for a landslide to the downside and BEARS and PRICE will move down to a low low level over 200 pips. (Would love for this to be the case) I would be aggresive with this trade first candle that closes under this potion I would ENTER!! HOWEVER, Proper risk management says break and wait for retrace and enjoy the SHORT for a long fall! Make your decision.
I will update this analysis as the pair develops! I am betting it will move up, I am waiting for a rejection Hammer candle (I call them shooting stars) or an BULL ENGULF and I am in.
No Days OFF Until EVERYDAY is a DAY OFF.
Trade closed: target reached:
Closed first position for +40 pips.
Major drop happened to the perfect zone for Big BULL PUSH!
Waiting untill daily engulf or failed LL Attempt which for be a 4h HL to look for entry for a buy. sitting on my hands for right now
Major drop happened to the perfect zone for Big BULL PUSH!
Waiting untill daily engulf or failed LL Attempt which for be a 4h HL to look for entry for a buy. sitting on my hands for right now
Trade closed: target reached:
Let me explain, I went to the lower timeframes and followed structure while it was making HH and got in on a HL and rode it up to my blue zone where you see the wick of this candle. That is where I took profit, after I saw major exhaust. I was not in the trade when it dropped and I am confident now more then ever you will see BULL momentum shortly
