EURGBP Trade Plan

Diupdate
EURGBP

Weekly:
Market Structure - Last weeks bar engulfed the previous and rejected a strong weekly level.

Daily:
Market structure - Price sold off heavily at the top of a rising channel last week, however last two bars are indecision doji bars now sitting at a strong daily support level (0.90)
Trend - Trend is up, however a fall below 0.90 would indicate reversal in play.

4HR:
Price is going sideways, bar range is very small with lots of wicks (indecision between buyers and sellers).

Entry Plan:

Wait for price to move impulsively to downside and break 0.90.
Sell entry on re-test.

Target 1: 0.89483
Target 2: 0.8889
Catatan
Price moved higher on Monday, waiting to for confirmation of right shoulder and see if original trade idea plays out with break and retest lower below neckline...

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Trade aktif
2 positions running:

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Multiple Time Frame AnalysisSupply and DemandSupport and Resistance

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