Tuesday, July 6, 2021

20210702 13.00 EURGBP trading.

     

  • Fri 20210702 13.00 EURGBP 1h (see AI settings here).
  • SMA21 was flat.
  • Price was above SMA21. 
  • At 9.00 hours, the price closed below SMA21.
  • At 13.00 hours, sellers who entered short positions below 0.86095 during past 6 hours were stopped out by the bar +1. This bar shot up to the resistance of SMA21. This resistance was also at the +9 orange level.
  • A sell short position sent at 0.86075 or above during the next bar could have returned at least 10 pips within 2 hours.

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