Tuesday, July 6, 2021

20210701 15.00 EURGBP trading.

      

  • Thu 20210701 15.00 EURGBP 1h (see AI settings here).
  • SMA21 was falling.
  • Price was below SMA21. 
  • At 15.00 hours, buyers who entered long positions above 0.85636 during past 22 hours were stopped out by the giant bar +1 that broke above SMA21 line. Sellers who entered short positions below 0.85977 during past 22 hours were also stopped out by this breakout. 
  • A buy long position sent at 0.85947 or below during the next bar could have returned at least 10 pips within 2 hours.

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