EURGBP: Trading Plan
morning guys!
EURGBP is stuck on a key structure support level.
yesterday, once the market reached it, the price has started to consolidate and formed a classic candlestick pattern - inside bar.
0.8718 - 0.8688 is our current decision range.
six 4H candles are already within that range and to clarify the future direction of the pair we are looking for a breakout.
though the range can be broken to both sides I will be looking for a pullback trade and wait for a bullish breakout of the range (4H candle close above) to buy aiming at 0.8748 as the initial target.
however, in case of a bearish breakout, you can short freely and aim at 0.865 - next structure.
good luck!
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
Related publications
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.