EURGBP look for completion of this structure before sell
ที่อัปเดต:
Hi everyone:
MY analysis and forecast on EURGBP this week onward.
I see price is in a larger higher time frame structure, and has been in this channel correction since the drop.
What I see is 2 possible scenarios here:
a) I expect price to continue correcting upwards toward the top of the channel, in that case I will look for selling opportunities from the top, giving me the best Risk reward.
b) Price may drop down from this lower time frame double tops, and in that case I will look for small continuation correction on the lower time frame for the sell.
From experiences, I like to see scenario A to happen, however, as a trader we need to know what is likely to happen, and what is still possible to happen.
Be prepare for all kinds of scenario, and forecasting the different possibilities will give you a sold mindset to be consistent in the long run.
Thank you
MY analysis and forecast on EURGBP this week onward.
I see price is in a larger higher time frame structure, and has been in this channel correction since the drop.
What I see is 2 possible scenarios here:
a) I expect price to continue correcting upwards toward the top of the channel, in that case I will look for selling opportunities from the top, giving me the best Risk reward.
b) Price may drop down from this lower time frame double tops, and in that case I will look for small continuation correction on the lower time frame for the sell.
From experiences, I like to see scenario A to happen, however, as a trader we need to know what is likely to happen, and what is still possible to happen.
Be prepare for all kinds of scenario, and forecasting the different possibilities will give you a sold mindset to be consistent in the long run.
Thank you
บันทึกช่วยจำ
บันทึกช่วยจำ
Price did move up more to tag the top of the channel structure. Although did not have a rejection, a strong impulsive down move valid this setup. I will look for continuation correction for short opportunities, 
การนำเสนอที่เกี่ยวข้อง
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ ข้อกำหนดการใช้งาน