EURGBP - Great R/R TRADE OPPORTUNITY!!!
This pair did my head in yesterday, nearly get stopped out but I was disciplined and the patience paid off this morning waking up to green screen! That's the best feeling but everyday isn't like that. Don't get your emotions get to you whilst trading, I actually learnt this the hard way and I'm still working on that but you are who you bring to the market, there are great psychology books to help with this - if you are struggling message me privately I will be sure to give you trading reading list.
I got in at the lows of the formation, scaled in - Took 60% of partial profits got two more long positions in.
Technical aspects:
Pattern: Wedge
Support: 0.88240, 0.88100, 0.87960
Resistance: 0.88380, 0.88520, 0.88780, 0.89100
Fundamental aspects:
BoE TODAY - Focus on negative rates - I don't personally think they will go towards negative rates, vaccine roll out is positive, no further QE is really needed.
Don't forget to enter this trade idea, add your own trading plan towards it. Add further confluence.
Key tip: Be humble - There are so many ways to trade out there, but most important is if your way of trading is gaining capital - Keep Doing You!
Have a great Thursday!!
Trade Journal
(Just a trade idea, not a recommendation)
This pair did my head in yesterday, nearly get stopped out but I was disciplined and the patience paid off this morning waking up to green screen! That's the best feeling but everyday isn't like that. Don't get your emotions get to you whilst trading, I actually learnt this the hard way and I'm still working on that but you are who you bring to the market, there are great psychology books to help with this - if you are struggling message me privately I will be sure to give you trading reading list.
I got in at the lows of the formation, scaled in - Took 60% of partial profits got two more long positions in.
Technical aspects:
Pattern: Wedge
Support: 0.88240, 0.88100, 0.87960
Resistance: 0.88380, 0.88520, 0.88780, 0.89100
Fundamental aspects:
BoE TODAY - Focus on negative rates - I don't personally think they will go towards negative rates, vaccine roll out is positive, no further QE is really needed.
Don't forget to enter this trade idea, add your own trading plan towards it. Add further confluence.
Key tip: Be humble - There are so many ways to trade out there, but most important is if your way of trading is gaining capital - Keep Doing You!
Have a great Thursday!!
Trade Journal
(Just a trade idea, not a recommendation)
Trade attivo:
LONG - Scaled in 0.8855 areas
Commento:
1.618 Nice target area...!
Reason for spike: BOE Negative rates are not coming! - Which I stated it makes sense to not have the need for negative rates.