I’ve entered long in EURGBP and EURUSD and closed both trades with profit on the 22nd. Both pairs were in an uptrend on the daily chart and had decent pullbacks.
EURGBP: entered long at Bar1 after the breakout from the consolidation that followed the break of the 4h pullback trendline. I decided to close the position at Bar2 with a small gain when the euro was under pressure ahead of the Eurozone meeting about the Greek rescue plan. I was long in EURUSD as well and wanted to reduce my euro long exposure. The price didn’t reach my initial stop but had strong move lower.
EURUSD: had a smilar setup, 4h countertrend was broken and I took a second entry signal for a breakout pullback trade at Bar1. The price hit may target at Bar2.
Both my trading decisions were based on the 4h charts, the entry trigger was a bullish pin for EURGBP and pinbar with and inside bar breakout for the EURUSD.
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- eurgbp 20110722 4h
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- eurgbp 20110722 1h
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- eurusd 20110722 4h
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- eurusd 20110722 1h
