EURGBP LONG IDEA (SHORT - MID TERM)
Idea: Long around 0.86800 - 0.86950 range (RR Ratio 4+)
Reason: Rebounded off key support 0.8660, 1h 2h 4h daily candle shows potential signs of retracement
Additional indicators used to support the case: Downward channel breakout potential, Awesome Oscillator in 1h 2h 4h signals an upcoming correction
TP: Based on key resistance/ support level
SL: Above below resistance/ support level 0.8660
Key targets (Short-mid term): 0.87150, 0.87350, 0.87520, 0.87650, 0.87750, 0.87850, 0.87950, 0.88060, 0.88200, 0.88290
Reason: Rebounded off key support 0.8660, 1h 2h 4h daily candle shows potential signs of retracement
Additional indicators used to support the case: Downward channel breakout potential, Awesome Oscillator in 1h 2h 4h signals an upcoming correction
TP: Based on key resistance/ support level
SL: Above below resistance/ support level 0.8660
Key targets (Short-mid term): 0.87150, 0.87350, 0.87520, 0.87650, 0.87750, 0.87850, 0.87950, 0.88060, 0.88200, 0.88290
Note
Update: Hit first target 0.87150 earlierTrade closed: stop reached
Update: Hit first tp and hit SL, all remaining trades closed
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.