EURGBP H4: +80/+160 pips TP HIT CONGRATS TRADERS (RECAP/UPDATE)

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-Key S/R levels
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EURGBP H4: +80/+160 pips TP HIT CONGRATS TRADERS (RECAP/UPDATE)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT as I expect more losses.

🔸 Summary and potential trade setup
::: EURGBP 4hours/candle chart review
::: ORIGINAL setup posted on June 9th click
::: play to recap below
::: running PNL +200 pips / congrats traders
::: TP1 +80 pips TP2 +160 pips
::: focus on shorting rips/rallies
::: setup still valid / good progress
::: 8650 HEAVY OVERHEAD RESISSTANCE
::: still trading inside range since MARCH 2021
::: price contained within the range
::: short-term more gains likely
::: re-test of key S/R at 8650 incoming
::: BEARS should focus on shorting from overhead
::: SHORT/HOLD 8650 swing trade
::: best ENTRY near 8650 later
::: SHORT/HOLD and get paid (SWING)
::: BEARS will target re-test 8480
::: recommended strategy: SHORT/HOLD 8650
::: TP BEARS is TP1 +80 pips TP2 +160 pips
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 8480 fresh demand zone
::: 8650 fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BULLS/FINAL PUSH
::: Sentiment outlook mid-term: BEARS/REVERSAL

RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.

تعليق:

let me know in the comments section below if you made
money with this setup.