eurgbp text book swing trade

One of the charts we’ve been watching in the War Room is the EURGBP, focusing on the excellent trending structure here, and looking for opportunities to get long.

Trending markets are great to get into, but your timing must be correct and you need to have the patience to wait for the market to move ‘in position’ before squeezing the trigger.

Last session a previous swing high was tested and held as new support. This the opportunity we wait for when trading into a trend, focusing on these swing levels as they are the best entry opportunities for a trending market

A bullish outside reversal signal formed, showing a bounce from lower prices, and confirming the swing level. Prices are most likely to rise up further from this outside candle, and push into higher highs on the next wave of trend pressure.

 

Asia Session Fake Out Alert!

eurgbp fake out

I’ve pulled out my retracement order.
I don’t like the look at this, we’re seeing an asia session fake out now selling intensifying as we move through London. This kind of price action is usually a bearish signal and a red flag here to anyone looking to go long.
Sometimes even the perfect signal doesn’t play out the way you expect it to.

1 Comments...


  1. default avatar

    Ted

    Thanks for all your help via the occasional mail. I’ve watched all your YouTube videos, some of them many times.

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