Long EURGBP

Oct 2, 2023

Last week EURGBP posted a green Heiken Ashi candle on the weekly time frame. This suggests to me that we may see another green weekly candle posted this week.

It is also the case that EURGBP posted a green Heiken Ashi candle on the daily time frame, after a series of red candles. This suggests to me that we may see a multi-day bull run.

Oct 2, 2023

Note

A view from the weekly time frame using Heiken Ashi candles.

Oct 2, 2023

Note

A view from the daily time frame using traditional candlesticks.

Oct 2, 2023

Trade active

I entered this trade with a market order just before market close on Monday. I plan to hold it for a few days and close it at the end of the week or if we get a solid price spike.

Stop loss is placed below the local low on the daily.

Oct 4, 2023

Trade closed manually

I decided to close this trade this morning for a small loss. I suspect this pair will fall lower over the course of the week.