Trade idea - EURGBP Long

Updated
4H

Deceleration box received at entry zone.

= Instant market execution Buy.

1.5% risk.

Aiming to take full profit at Daily TP.


Note
WEEKLY

Double bottom pattern can potentially be in play.

Clear support & resistance zone is there .

-68 Fibonacci has been completed.

Good selling zone with Bearish W also there, keep in mind.

snapshot
Note
DAILY

Bullish, engulfing candle close received.

Very possible for Inverse Head & Shoulders pattern to play out.
No break of last LH / No break of structure before forming pattern.

Clear support & resistance zone is there.

snapshot
Trade active
Active and running risk free.
Trade closed: target reached
Daily TP hit. Full profit secured. +5,7%.
Chart PatternsEURGBPeurgbplongForexfxtradinglongsetuppatternsandstructuresupply_and_demandSupport and ResistanceTechnical AnalysisTrend Analysis

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