Looking to short EUR/GBP to those equal lows below RR 1:6 risking 2% max to gain 12% on my account.
Risky trade as this goes against Monthly/Weekly HTF, but this is one of the patterns that I trade from so looking to sell to buy (Smart money concepts). I will be placing an alarm near the Entry and will only risk 1% max on this but if it pulls off I can increase my account by 5%. Thoughts?
Looking at EUR/CAD I believe the Monthly TF is Bullish, big expansion to the upside followed by a FLAG hopefully making its way back down to my KILLZONE. The FIB also lines up with my ENTRY followed by some IPA, set of equals above which would be my target area for TP. RR 1:6 risking 2% max maybe 1% as its only Monday and the markets are just setting up. Thoughts?
Price has reacted from the Weekly Candle and has been ranging but has tested several POI for me. If we can push higher towards the weekly candle again I would be looking to SHORT to the first set of equal lows at RR 1:7/8. Please let me know any thoughts?
To me Price is BULLISH on the monthly and smart money is in drawdown and will hopefully hit my target. Using the FIB i can expect price to come down into my KILL ZONE. Price has reacted from the 4HR BC and I will be looking to risk 2% to make 1:7 on my money if this plays out!