做多

EURGBP Long Trade setting up on Daily.

已更新

https://www.tradingview.com/x/CC3WqoWe/

I have been watching this one for a while now as I kept an eye on Crypto's pullback.

This is a daily trade, EUR is a bit overextended to the short-side, looking to come back to reversion and a bonus bulls head n shoulders pattern on 1hr.

Details of trade I will post below when the setup executes. If it ever does today.

交易开始

Long EURGBP buy up to 0.8330
SL:0.8255

注释

TP to be advised. short term trade

注释

See how we gotta TOP2 now on the 1hr tf. Trend is against us, I knew this because the daily 200ema is above price at the moment, but there is plenty of upside momentum last time I checked. The top2 might drag us down a fair bit. Remember a TOP1 or TOP2 ect takes price down but price almost always slingshots back upwards at some point. This hns momentum may drive price through this top2.. YOu can see in the chart where I thought price should get to eventually. A 0.48% gain by the textook definition. Incidentally, Bitcoin is also getting dragged down in a Top 2 today. Watch the chart of BTCUSD and its probably turning around now to the bulls way. cheers

注释

Yep that is a buy right there on bitcoin guys. But only gently becaues there could be a top3. If price breaks through the top2 then load up LONG a bit more.

注释

Going through 106 might boost this trade a bit

注释

i like the daily volume now

注释

Often in a trade, if you examine things, this took me only 5 minutes including marking up the chart for you, what we often find as the trade moves along are additional confluences. EUR was very overextended to the bears and we often see a huge move the other way over the space of only a day or 2.
The RSI on the 4hr chart is over 70 for momentum and this is good. There is also RSI divergence that I marked where RSI made low to higher low, so the RSI indicator told us that this was strength to the upside when in fact price sold off some more. Volume is good. I have marked a red box where I think price will even break out some more through that red zone box. I would recomend a partial profit and keep maybe 50%. Bring stop loss up a bit. I nearly forgot, I am a big fan of macd crossups. See the last macd bullish xup marked with green dotted vertical line, see how much price cotinued after that crossing. They work and if you study them on daily timeframes xdows and xup you will learn to pick market direction for whatever you are trading. Don't underestimate the weekly macd as well for this sort of setups because the weekly is also where you get cues for market direction. Ideally you want daily and weelkly to be in alignment.
This is how I alerted traders to a correction in gold and silver, a bigger correction, because gold and silver macd was bearish crossing down. On daily and weekly use the standard macd settings 12, 26, 9. On intraday charts lowertimeframes use 3,9,5 (fast,slow, smoothing) respectively. cheers chris