EURGBP 240 new HH and short trade
Trade entry 6/19/19 5:23 pm:
RSI close below 50, W%R close below 80. SL 61.8 @0.89156, above recent SRZ. TP 161.8 @0.88178, also at SRZ. Not 100% confirmed UT has new HH. And even if so, could go for retest.
However, this RSI and W%R movement is the most extreme since last HL 3 May 19 so trade was executed.
RSI close below 50, W%R close below 80. SL 61.8 @0.89156, above recent SRZ. TP 161.8 @0.88178, also at SRZ. Not 100% confirmed UT has new HH. And even if so, could go for retest.
However, this RSI and W%R movement is the most extreme since last HL 3 May 19 so trade was executed.
Trade closed: stop reached
The price action retested the trendline it recently broke through - what a surprise. I still plan to execute a short trade shortly.
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