EURGBP showing bullish momentum supported by 4H bullish divergence. Price actions shows DOW HH and HL setup with BOS (Break of Structure) also supported by break of falling trendline. Entry is placed 15 pips above previous LH and TP at 1:1 R:R at FIB 78.6%. What do you think, will this setup work?
Note: If you are not comfortable with TP at FIB level 78.6%, you can do TP at 61.80%.