Hey guys, sorry for the long time away from tradingview.
About a week since I last posted as I had some family issues to handle.
All is fine now and I can now be back monitoring the markets.
Pattern Identification
Bullish bat completes on EURGBP at 0.8440
EP: 0.8440
SL: 0.8370
TP1: 0.8570
TP@ 0.8650
Trade Execution
Will look to buy when RSI leaves the OS zone when price reaches PRZ.
Expect some spillover slightly below the PRZ
Price should reverse and get out of PRZ by T+2 to T+5.
Do not enter with a pending order
Good luck and good trading!
About a week since I last posted as I had some family issues to handle.
All is fine now and I can now be back monitoring the markets.
Pattern Identification
Bullish bat completes on EURGBP at 0.8440
EP: 0.8440
SL: 0.8370
TP1: 0.8570
TP@ 0.8650
Trade Execution
Will look to buy when RSI leaves the OS zone when price reaches PRZ.
Expect some spillover slightly below the PRZ
Price should reverse and get out of PRZ by T+2 to T+5.
Do not enter with a pending order
Good luck and good trading!
This is why you should always trade only after a reaction at the PRZ.