EUR/GBP enter at fibonacci retracement
***TEST TRADE**** [I just want to see my own feedback on this strategy]
Enter at:0.8039
Limit:0.80713
Stop:0.80240
Therefore, you are risking around 15 pips to chase around 33 pips.
the reason for entering at that level is because price will be at the 0.50 fibonacci retracement from the recent upswing combined with ichimoku support --> This results in a stronger support base.
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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.