Trade 3: Short EURGBP at confluence of resistance

FX:EURGBP   Euro / Britisches Pfund
7445 45
Looking to short the EURGBP slightly higher as the price hits multiple resistance levels.
1- The ceiling of the short term rising channel
2- The 200-days simple moving average
3-Bearish engulfing candle on four-hour
4- A falling trend line on the daily chart
5- RSI is overbought

Kommentar: Some notes:
All my trades will have Risk of capital per trade of 2%

Stats before this trade:
GBJPY Trade = +3.6%
AUDUSD Trade= -2%
Net return = +1.6%
Trade geschlossen: Ziel wurde erreicht: S.L reached.
Profit(pips)= -60.
Stats After this trade:
Net return = -0.4%
it is not easy to understand for a newbie to put profit or loss into "pips".

if you lose 100pips with a risk to reward of 1:4 it may be good. what matters here anyway and nevertheless is how much of your account you lost in that negative trade.
and improtant the otehr way around is how much % you gained on a good trade. and after all of that it matters how often you lose and how often you win.

the "net return = -0.4%" is the loss this trade produced in your account?

maybe you wanna use this fxbook thing?
Technician ernstschwarz
@ernstschwarz, as i mentioned, i risk 2% only on each trade. so this trade is 2% loss on account. So, before this trade my cumulative profit was 1.6%, and after this trade its -0.4(1.6%-2%).
ernstschwarz Technician
@Technician, yapp.
Do we expect to see a retest of a level and drop in price again? Thank you so much for the idea!
Swerver spezimuc
@spezimuc, @spezimuc, Expect price a little higher yet, area selling of confluence zone only 15-30 pips away.
Bearish TL support harmonic zone support and RSI divergence fully showing , its all adding up for a fall.
spezimuc Swerver
@Swerver, Thank you so much for sharing your view! :)
Swerver spezimuc
@spezimuc, No worries, If we do hit the Full BAT it completes at R2 Monthly pivot and Trendline support, there is strong resistance @ 0.87200, an SL above this would be required
@Swerver, Thanks for your view :)
Swerver Technician
@Technician,no problem, I always pop in and check your awesome work.
A well deserved Top performer :)
Thank you for consistently sharing your hard work
@Swerver, Many thanks. And most welcome.
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Forex-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Feedback senden Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden