Eur/gbp pair might present a local long opportunity with a small stop, hence giving a good risk reward profile.
Should the price action go the way it is shown by the arrows the first target is certain to be hit, so unload half of your position there.
I will update the idea in case that happens, to assess the setup and decide wether to hold the position further...
Just like GBPJPY we will await for a clear breakout of the triangle.
The reason i put the short where i did was because the other two candle was caused by fundamental news but for the most part the triangle resistance has been respected.
I am shorting it if it goes below the last lower low. If it does not make it past that i will wait for it to either go long or...
Nice short trade on the SPY with a very tight stop, just the way I like them.
I am using a really nice indicator that these guys from www.ProTradingIndicators.com have created called - DIG Smart Points. ( I got the monthly subscription plan on TradingView).
The spy has been going back and for for some time not, and I am glad I am able to take a direction.
