See the weekly chart of EURGBP below for the discussion that follows.
EURGBP formed a bullish engulfing candle from support. I will likely go long if we get a retrace of price into its body in order to get a better reward to risk.
Remember, always have your own trading plan and never follow other people blindly. Always know where you will be proven wrong on any trade and have stops in place. Stick to your stops and never bet the farm.
On Ideas: Please don’t take this as trading / financial advise. Please do your own due diligence before entering any trade. Also see Disclaimers.
