EURGBP, 1H, LONG
RR:
1` The down trend line suppress k bars ceaselessly and the region of range has been squeezed to a Intolerable zone.
2` Price now reach a demand area.
3` A H%S style is forming.
so ,
if there is any pull back signal on the chart:
we can set up a long position of risk reward ratio 3 .
else:
waiting for the N style to find more opportunities.
sl and tp are as shown in the chart.
1` The down trend line suppress k bars ceaselessly and the region of range has been squeezed to a Intolerable zone.
2` Price now reach a demand area.
3` A H%S style is forming.
so ,
if there is any pull back signal on the chart:
we can set up a long position of risk reward ratio 3 .
else:
waiting for the N style to find more opportunities.
sl and tp are as shown in the chart.
Note
Trade closed: target reached
2nd target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.