EURGBP Long
Updated
Title: Long EURGBP Based on Bullish Divergence on Daily and 1-hour
Trade Setup:
- Asset: EURGBP
- Timeframes: Daily and 1-hour
- Entry: Buy at the close of a bullish candlestick pattern confirming divergence on the 1-hour chart
- Stop-Loss: Below the recent swing low on the 1-hour chart
- Take-Profit: Based on key resistance levels or a 1:2 risk-reward ratio
Analysis:
- Bullish divergence confirmed on both daily and 1-hour timeframes
- Volume supports potential bullish reversal
Trade Plan:
- Enter long position on 1-hour bullish confirmation
- Set stop-loss below recent 1-hour swing low
- Take profit at key resistance levels or using a 1:2 risk-reward ratio
- Risk 1-2% of trading capital
This trade plan aligns with technical analysis and provides a structured approach to capitalizing on the potential bullish reversal in EURGBP across multiple timeframes.
Trade Setup:
- Asset: EURGBP
- Timeframes: Daily and 1-hour
- Entry: Buy at the close of a bullish candlestick pattern confirming divergence on the 1-hour chart
- Stop-Loss: Below the recent swing low on the 1-hour chart
- Take-Profit: Based on key resistance levels or a 1:2 risk-reward ratio
Analysis:
- Bullish divergence confirmed on both daily and 1-hour timeframes
- Volume supports potential bullish reversal
Trade Plan:
- Enter long position on 1-hour bullish confirmation
- Set stop-loss below recent 1-hour swing low
- Take profit at key resistance levels or using a 1:2 risk-reward ratio
- Risk 1-2% of trading capital
This trade plan aligns with technical analysis and provides a structured approach to capitalizing on the potential bullish reversal in EURGBP across multiple timeframes.
Note
ALL TP hit
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