EURGBP - Short Trade
On Monday (manipulation day) price swept the previous week high (PWH) with a great sign of weakness: a market structure break (MSB).
Also, a good confluence for me is a MACD divergence on the 4H timeframe (when price made a higher high, but indicator show us also sign of weakness by not making a higher high in histogram).
As a target, I prefer the opposite liquidity pool to the previous week's low (PWL).
I'm excited to see your opinion in the comments, and I'd like it if you could boost this idea if it was helpful for you!
Also, a good confluence for me is a MACD divergence on the 4H timeframe (when price made a higher high, but indicator show us also sign of weakness by not making a higher high in histogram).
As a target, I prefer the opposite liquidity pool to the previous week's low (PWL).
I'm excited to see your opinion in the comments, and I'd like it if you could boost this idea if it was helpful for you!
Trade closed: stop reached
-1R
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.
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.