EURGBP Possible Heads & Shoulder ( Reversal )
Currently,
-Waiting for a breakout of H4 support level ( 0.91000 ).
Criteria :- Breakout with a solid bar out of support, if it's only the shadow, it's invalid.
-Waiting for a breakout on EMA200, then a retest back to H4 support ( 0.91000 ) for a possible change to act as a resistance.
Sell limit order to be set at H4 support level ( 0.91000 ) after all criteria are met above.
TP Zone 1 = 0.9067 - 0.9050
TP Zone 2 = 0.9016 - 0.9000
Once EMA50 crosses EMA200, the trade should be going smoothly, provided there're fundamental factors affecting it.
*Set SL to BE after every TP zone is hit.
Trade Safe :)
-Waiting for a breakout of H4 support level ( 0.91000 ).
Criteria :- Breakout with a solid bar out of support, if it's only the shadow, it's invalid.
-Waiting for a breakout on EMA200, then a retest back to H4 support ( 0.91000 ) for a possible change to act as a resistance.
Sell limit order to be set at H4 support level ( 0.91000 ) after all criteria are met above.
TP Zone 1 = 0.9067 - 0.9050
TP Zone 2 = 0.9016 - 0.9000
Once EMA50 crosses EMA200, the trade should be going smoothly, provided there're fundamental factors affecting it.
*Set SL to BE after every TP zone is hit.
Trade Safe :)
Dagangan aktif
Currently broken H&S pattern as a reversal to the downside, retraced back towards the shoulder to momentarily act as a resistance. Look for a sell right after market is opened. Fundamentally , UK hinting of a possible Deal-Brexit. So it might just go along my expectations :)
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.