Great analysis Lee, I'm still very hesitant with EUR pairs given the tensions on Europes doorstep from Russia/Ukraine.
Thanks for the video, subbed.
EURGBP Thread
- Thread starter Lee-Bax
- Start date
Thanks for the video, subbed.
Good morning all update today on the EURGBP trade that was taken last week. As per my YouTube video last weekend I advised to move our SL to 1:1 R:R, as we can see it was the right decision as the overall strong bearish trend took over price and has since pushed back to our original entry zone. Will wait for a few days on this pair now to wait for support to form again. TP1 was hit at 120+ pips so if you had a TP set then congrats on that. I think there will be a similar trade to come on this pair once we form that support again and the demand zone holds. Will update again once the next setup forms. GLIYF
Looking forward to some fresh set ups after Easter
Good morning all, looking over the charts today ready for next week. Again as I relate back to my YT video at the beginning of the week I advised to take the buy on this pair. We got a couple day's of slow bullish momentum, then Friday's news release gave us the huge engulfing bull candle. Currently sitting at 127 pips in profit for a return of around 1:4 R:R.
Is the EUR fighting back now? I thought it was last time we bought from this area, the double bottom may be the key here for the turn in trend. Set your Sl to break even or at 1:1 to secure the trade and lets see what next week brings before we look to close out, as if we fail to break the previous high then we can close out for full profits and wait for the next setup. GLIYF
Is the EUR fighting back now? I thought it was last time we bought from this area, the double bottom may be the key here for the turn in trend. Set your Sl to break even or at 1:1 to secure the trade and lets see what next week brings before we look to close out, as if we fail to break the previous high then we can close out for full profits and wait for the next setup. GLIYF
Very nice mate, took a risk on this and caught the bounce
Good morning all. Just a quick update today on our EURGBP buy trade. This has been a nice fairly quick trade to come to fruition. Currently we are 177 pips in profit which is almost 1:6 R:R. TP is almost in sight but we look to be at a level from where we have reversed in the past. So i will either say take full TP here and enjoy the pips. Or close half of your position and let the rest just run to either hit your SL or keep going should the trend continue. If we get a breakout of the channel above, we can look to re enter or stack the position My Sl is at 1:1 and I have closed half writing this. will update again in a few days. GLIYF
