EURGBP - POTENTIAL LONG ENTRY
EURGBP - Price is trading in a bullish channel, towards the recent support where price rejected. Should it reject again, there is a high potential for it to break it's previous recent high.
Impulse long entries can be taken once price retest the resistance region. There has also been a bullish pennant pattern which is an additional confirmation for a breakout.
We had our buy limits set up with potential upside in the R:R ratio of 1:4.
BUY LIMIT ORDER
R:R - 1:4
E/P: 0.86950
S/L: 0.86790
T/P: 0.87592
Impulse long entries can be taken once price retest the resistance region. There has also been a bullish pennant pattern which is an additional confirmation for a breakout.
We had our buy limits set up with potential upside in the R:R ratio of 1:4.
BUY LIMIT ORDER
R:R - 1:4
E/P: 0.86950
S/L: 0.86790
T/P: 0.87592
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