EURGBP Possible Heads & Shoulder ( Reversal )

2019年8月22日

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 :)

2019年8月24日

交易進行

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 :)