Let's take a look at EUR/GBP on 4H chart. Price has demolished Resistance line with big forceful 4H candle and is ready for breakout. Lets wait for price to come back to test now Support line and then we could entry for Long. Or we could enter now for Long and place our Stop Loss right below Support line. Up to you, we will wait as we like to play it safe.
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Let us know in comment section and don't forget to follow us for more educational ideas that could bring you some pips :)
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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.