EUR-GBP STRUCTURE BASED BUY OPPORTUNITY
EUR-GBP PAIR HAS RETRACED TO 0.786 RETRACEMENT FOR LAST SWING TO THE UP SIDE. PAIR HAS ALSO FORMED DOUBLE BOTTOM (H-1) FORMATION NEAR PREVIOUS STRUCTURE SUPPORT AND ALSO AT 0.786 RETRACEMENT TO LAST SWING TO THE UP SIDE. TRADERS CAN LOOK TO BUY THE PAIR.
BUY ENTRY: 0.8735 (WAIT FOR HIGHER HIGH HIGHER CLOSE CANDLE ON H-1 CHART)
REASON FOR BUY: DOUBLE BOTTOM FORMATION
STOP LOSS: 0.8696
TARGET-1: 0.8780
TARGET-2: 0.8845 (RE-TEST OF LAST SWING HIGH)
DO NOT TRADE DOUBLE BOTTOM, IF ANY CANDLE CLOSES BELOW 0.8708 BEFORE GIVING US THE ENTRY REASON (HIGHER HIGH HIGHER CLOSE CANDLE).
BUY ENTRY: 0.8735 (WAIT FOR HIGHER HIGH HIGHER CLOSE CANDLE ON H-1 CHART)
REASON FOR BUY: DOUBLE BOTTOM FORMATION
STOP LOSS: 0.8696
TARGET-1: 0.8780
TARGET-2: 0.8845 (RE-TEST OF LAST SWING HIGH)
DO NOT TRADE DOUBLE BOTTOM, IF ANY CANDLE CLOSES BELOW 0.8708 BEFORE GIVING US THE ENTRY REASON (HIGHER HIGH HIGHER CLOSE CANDLE).
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