Why I Am Looking To Sell EURGBP This Week
Hey Rich Friends,
EURGBP might provide some great bearish/selling opportunities this week. Here is what I am looking at:
- Prior rejections in this area (red rectangle)
- Candles below 200 EMA
- 200 EMA preparing to cross 50 EMA on the Weekly time frame
-MOM is negative
- STOCH below 50
- GBP news on Tuesday, Wednesday, and Thursday
Market Execution Or Sell Limit At 0.86000 Or Higher
SL: 0.86400 or Higher (40 PIPS)
TP 1: 0.85600 (40 pips) 1:1RR
TP 2: 0.85400 (60 pips) 1:1.5RR
TP 3: 0.85200 (80 pips) 1:2RR
Result:
Pending
Please Do Your Own Analysis And Use Proper Risk Management. If You Choose Market Execution, Adjust Your Tp And Sl To Your Actual Entry.
- Peace and Profits, Cha
EURGBP might provide some great bearish/selling opportunities this week. Here is what I am looking at:
- Prior rejections in this area (red rectangle)
- Candles below 200 EMA
- 200 EMA preparing to cross 50 EMA on the Weekly time frame
-MOM is negative
- STOCH below 50
- GBP news on Tuesday, Wednesday, and Thursday
Market Execution Or Sell Limit At 0.86000 Or Higher
SL: 0.86400 or Higher (40 PIPS)
TP 1: 0.85600 (40 pips) 1:1RR
TP 2: 0.85400 (60 pips) 1:1.5RR
TP 3: 0.85200 (80 pips) 1:2RR
Result:
Pending
Please Do Your Own Analysis And Use Proper Risk Management. If You Choose Market Execution, Adjust Your Tp And Sl To Your Actual Entry.
- Peace and Profits, Cha
Trade active:
sell limit triggered at 0.86000
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