TRADE, EURGBP, 25.11.2016

TRADE SUMMARY: pair coming into a confluence play of 2x DEMAND ZONE AND FLIP ZONE. Good area to play in, market though proved rangeboud afterwards. But should have hold longer since there was no supporting PA for me to exit except for unifisnihed Friday auction and no burst after my entry.

Pattern

  • SDZP

Good:

  • Spot on entry after runner and retrace
  • Good discounted entry

Bad:

  • Fri EOD unfinished auction let me to exit this trade straight after the Sunday open without any supporting PA.

To Improve:

  • Constantly monitor awarenes zone and exit rules if they are coming into play

Result:

+0.5R

SCREENS:

D1

H1

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