EUR/GBP - SIGNAL - BUY/LONG
Updated
Details:
Buy Stop @ 0.89236
Stop Loss @ 0.88720 (52 pips)
Target @ 0.89956 (72 pips)
Risk:Reward ratio = 1:1.34
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Buy Stop @ 0.89236
Stop Loss @ 0.88720 (52 pips)
Target @ 0.89956 (72 pips)
Risk:Reward ratio = 1:1.34
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Note
should the current 4H candlestick close like this then we'll be having a Morning Star formation which further confirms the upsideNote
The price looks like it formed an inverse head and shoulders on the 1h further supporting our upside biasBear in mind i changed up the details a little bit - you will find the new levels in the screenshot below
Note
My new details are:Buy stop order @ 0.89150
Stop Loss @ 0.88700
Target @ 0.89950
Note
the possibility of a 2x bottom exists -
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