EUR GBP quick short
I rode EUR GBP long from the 61.8 fib level to 38.2 fib. Took profits at 38.2 fib as it consolidated and just waited to watch what it does.
Looks like a false move up or stop hunt on today's candle (long wick up) before shooting down so I entered a short.
Entered: .89164
TP: .88533 (This is the 50 fib retrace level, next level down.) (67 Pips potential profit)
SL: .89878 (Recent double top level right above the 38.2 fib level) (67 pips potential loss)
Risk to reward ratio 1:1. Not the best risk to reward but I felt like rolling the dice on this quick trade.
Looks like a false move up or stop hunt on today's candle (long wick up) before shooting down so I entered a short.
Entered: .89164
TP: .88533 (This is the 50 fib retrace level, next level down.) (67 Pips potential profit)
SL: .89878 (Recent double top level right above the 38.2 fib level) (67 pips potential loss)
Risk to reward ratio 1:1. Not the best risk to reward but I felt like rolling the dice on this quick trade.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.