đź”” EURGBP LONG TRADE SET-UP
đź”” EURGBP
We have a long opportunity presenting itself on EURGBP with an imbalance in price at 0.84310 and an SC level right below it; I would like to see price magnetize towards this region and close the gap. An additional confluence of our level being at the 0.71 fib level gives me more confidence in the set-up. We have high-impact GBP news releasing on Thursday at 12:00 pm GMT and this is where ill be looking for GBP strength and long opportunities. With a 25 pip stop loss right below previous lows and a potential return of 140+ pips, we are looking at a 1:5 r/r.
We have a long opportunity presenting itself on EURGBP with an imbalance in price at 0.84310 and an SC level right below it; I would like to see price magnetize towards this region and close the gap. An additional confluence of our level being at the 0.71 fib level gives me more confidence in the set-up. We have high-impact GBP news releasing on Thursday at 12:00 pm GMT and this is where ill be looking for GBP strength and long opportunities. With a 25 pip stop loss right below previous lows and a potential return of 140+ pips, we are looking at a 1:5 r/r.
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