EURGBP H1 LONG PRICE ACTION FORECAST

Although this entry is in a bearish correlation with my short GBPNZD, the British pound keeps trending lower. Expecting that price action tests back the secure demand zone for an uptrend continuation, supported by MACD bullishness for a long entry.

The setup allows a decent R:R | 1:2 with an S/L fro 24 pips and target right at the next resistance level with a buy-limit entry.

Trade active

Position triggered, after retested of the demand zone. Position active expecting some movement to the upside

Trade active

HAlf position closed and S/L moved to BE level. Risk free trade.

Trade closed: target reached

T/P reached 100%

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