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Thread: Eurgbp h4

  1. #1
    fibo13's Avatar
    fibo13 is offline Junior Member
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    Wink Eurgbp h4

    Harmonic Trading
    Time frame H4
    pattern = ABCD 100 %
    Sell @ 0.8170 - 0.8180
    SL: 0.8264
    TP1 : 0.618 CD
    TP2: C
    TP3: A
    Happy Trading.
    Name:  eurgbp.jpg
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  2. #2
    pipasir is offline Newbie
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    When with it. Looks like a good run.

    Happy Holidays!
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  3. #3
    NewbTrader is offline Junior Member
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    very high risk trade without confirmations first, at least see a big red candle first
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  4. #4
    fibo13's Avatar
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    why high risk?
    you means... with confirmation? candle stick? or other pattern?

  5. #5
    NewbTrader is offline Junior Member
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    Quote Originally Posted by fibo13 View Post
    why high risk?
    you means... with confirmation? candle stick? or other pattern?
    at the moment there's only bullish candles, when u think there's a reversal or has hit some sort of resistance, you need confirmations on the chart first with candles and possibly some add on indicators too

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    when u just look at this naked chart, eur/gbp is clearly in an uptrend, say you think it just hit some crazy resistance wall, you wait for at least 1 or 2 confirmations first before entering the trade...
    currently it still shows it's very very bullish, see no signs of slowing yet....
    perhaps you'll get a shooting star or some other indicators confirming it's the top

    and i dont even see why you wanted to short in the first place
    not sure the logic behind why this is the top
    anyway, it's just my opinion
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  6. #6
    pipasir is offline Newbie
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    EURGBP (4H Chart): The pair has reached a strong resistance level (a triple top),

    Most likely scenario: Short @0.81574 with goals @ 0.8110 & 0.80840

    signal am listening to, but possibly with lower goals.
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  7. #7
    fibo13's Avatar
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    The market has price action around 0.8220.
    thus my first target @ 61.8 % = 0.8107 and the second is @ C and third is @ A.
    Happy trading.
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  8. #8
    pipasir is offline Newbie
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    Here we go, as a starter i feel like little kid waiting for santa under christmas tree, and here he's coming! happy piping, HooaH!!!

  9. #9
    fibo13's Avatar
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    Quote Originally Posted by fibo13 View Post
    The market has price action around 0.8220.
    thus my first target @ 61.8 % = 0.8107 and the second is @ C and third is @ A.
    Happy trading.
    Name:  eurgbp.jpg
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    Quote Originally Posted by pipasir View Post
    Here we go, as a starter i feel like little kid waiting for santa under christmas tree, and here he's coming! happy piping, HooaH!!!
    Tp1: 61.8=8107

  10. #10
    pipasir is offline Newbie
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    Quote Originally Posted by fibo13 View Post
    Tp1: 61.8=8107

    Got it, Yes sir thank you.
    Following your trades, maybe you got a journal, blog or something like that?

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