EURGBP: It's time to go long ( Buy the dips)
HIGH PROBABILITY REVERSAL ZONE.
This is the high probability set-up you've been looking for.
As you can see the market just hit a VERY critical area where the market rejected the price multiple times (pink circles) in the past
and from supply is now a STRONG demand zone.
We are expecting the same rejection as the previous week (120+ pips) but we put Take Profit lower than this for a higher chance to hit the TP target.
--> Take Profit is at 75 pips which gives us a 1:3 Risk To Reward Ration.
--> You can extend your TP target if you see that the bulls took the control and the market is moving up aggressive / sharp.
--> Watch for lower timeframes for better analysis and better entry but i think this is the best spot to enter the market.
HOW TO MANAGE YOUR TRADE?
1. At 1:1 move to Break Even.
2. At 1:2 take 50% Parochial Profits.
3. At 1:3 take 50% Parochial Profits OR extend your take profit target (Depends on the price action at that moment).
--> If it breaks the descending trend extend more the TP target and go for THE BIG MOVE!
HAVE A NICE WEEK & HAPPY PROFITS ! ! !
This is the high probability set-up you've been looking for.
As you can see the market just hit a VERY critical area where the market rejected the price multiple times (pink circles) in the past
and from supply is now a STRONG demand zone.
We are expecting the same rejection as the previous week (120+ pips) but we put Take Profit lower than this for a higher chance to hit the TP target.
--> Take Profit is at 75 pips which gives us a 1:3 Risk To Reward Ration.
--> You can extend your TP target if you see that the bulls took the control and the market is moving up aggressive / sharp.
--> Watch for lower timeframes for better analysis and better entry but i think this is the best spot to enter the market.
HOW TO MANAGE YOUR TRADE?
1. At 1:1 move to Break Even.
2. At 1:2 take 50% Parochial Profits.
3. At 1:3 take 50% Parochial Profits OR extend your take profit target (Depends on the price action at that moment).
--> If it breaks the descending trend extend more the TP target and go for THE BIG MOVE!
HAVE A NICE WEEK & HAPPY PROFITS ! ! !
Kommentar:
CLOSE YOUR TRADE AT 50 PIPS ( 1:2 )
DON'T LOSE MORE PIPS AND ENTER THE MARKET NOW !!!