EUR/GBP (euro-pound): two potential targets have been identifiedObserving the ongoing build-up on the Daily-timeframe graph, it could be inferred that the price has been developing for potentially upcoming bullish moves. Having spiked below the local key level and grabbed liquidity, we might imply that a bullish wave is ready to commence. Thus, having set buy positions with the stop-out order below the recent liquidity wick, we are having eyes on two key zones for making closures - both partial and full - and generating profits. With the total risk-reward set at an approximation of 1:4, we are being patient and awaiting further action from the price.
Nevertheless, there is no need to rush. As we know well, the market should and will do its thing regardless of our interpretation of it. Hence, the only thing that we could do is to follow our risk management plan, take a calculated guess, and have eyes on the long-term spectrum while remaining patient and composed at all times and costs.
