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EUR/GBP trade setup


Had a short position opened, but exited way to early and not at the best possible point. Still working on improving my new setups.
After huge drop pair recovered more than 50% of that. A new swing low formed, not followed by any sufficient continuation. Quick break above this high and close below it with an outside bar! However there was not enough steam left for this downside momentum to continue. I am still holding onto this position, but SL is ti tight in case the price shoots up in the ea…
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EUR/GBP

Euro and sterling has formed bullish flag pattern on a weekly chart. We are currently at the lower part of this pattern so this could be a pretty good place to go long. Pattern duration is almost one year, to be more precise it is 11 month till now. There has been a fake breakout to the downside showing that pattern is invalid, nevertheless price was pushed back in the pattern. To get a better picture we can zoom into daily chart.
We can see that the price is making new highs. Before higher high…
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