Looks like EURGBP finally found a bottom and is setting up a nice move to the upside. Price has crossed both the 100 and 200 daily SMA and is trading above both of them. Wait for the pullback into the 61.8% retracement before you go long.
The take profit area is at around 0.900 (Blue box). If we get the retracement that'll give us over 450 pips.
The take profit area is at around 0.900 (Blue box). If we get the retracement that'll give us over 450 pips.
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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.