EURGBP: S-BAR Technical Analysis (Just My Thoughts) 07/18/2020
What's up people? Hope you all have/had a great weekend. This is NOT ADVICE - just what I see.
SITUATION:
D, 4H, 1H, & 15M in Uptrend
BACKGROUND:
Been in an uptrend for quite some time.
ASSESSMENT:
- Market Structure (zone - I like zones) HL - sitting at $0.90643 and $0.90574 & New HH sitting at $0.91349
- Retraced to 61.80% FIB Level AND potential ABCD Pattern forming
- Counter Trend Lines Up Nicely: Once Candle Cross Counter Trend-line, Looking To Enter after 1st Candle Closes Above Counter Trend Line
- Above 50 EMA
- Waiting for Price Action aka Candlesticks to tell the rest of the story to determine entering for a "BUY": Look for that SNIPER ENTRY (Buy Limit)
- Projected "Pull Back" to Fib Extension: -27.6%
- Projected PIPS: 50 - 60
RESULTS:
Pending
SITUATION:
D, 4H, 1H, & 15M in Uptrend
BACKGROUND:
Been in an uptrend for quite some time.
ASSESSMENT:
- Market Structure (zone - I like zones) HL - sitting at $0.90643 and $0.90574 & New HH sitting at $0.91349
- Retraced to 61.80% FIB Level AND potential ABCD Pattern forming
- Counter Trend Lines Up Nicely: Once Candle Cross Counter Trend-line, Looking To Enter after 1st Candle Closes Above Counter Trend Line
- Above 50 EMA
- Waiting for Price Action aka Candlesticks to tell the rest of the story to determine entering for a "BUY": Look for that SNIPER ENTRY (Buy Limit)
- Projected "Pull Back" to Fib Extension: -27.6%
- Projected PIPS: 50 - 60
RESULTS:
Pending
Trade fermée: cible de profit atteinte
Results: 44 Pips Gained (6 Pips Short of hitting 50 - which was my target)TP @ $0.91461
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.