As we can see, EURGBP is currently in consolidation. As we move on I'd like to see a break and retest for me to enter the trade.
1. wait for break out of consolidation zones
2. wait for a retest back to the zone
3. once price rejects off of the zone, I will wait for 2 consecutive 15 minute candles (bull or bear) in order for me to enter.
Placing a 20 Pip stop loss as well as a 20/30 pip TP
Risk 0.01 per $100 in account!!
Just an idea :-)
1. wait for break out of consolidation zones
2. wait for a retest back to the zone
3. once price rejects off of the zone, I will wait for 2 consecutive 15 minute candles (bull or bear) in order for me to enter.
Placing a 20 Pip stop loss as well as a 20/30 pip TP
Risk 0.01 per $100 in account!!
Just an idea :-)