Hello Traders,
The EURGBP is trending up and we are now looking for a pullback to enter this trade.
Resistances: 0.87912, 0.88394
Supports: 0.87442, 0.87185
I set a BUY LIMIT ORDER below the support 0.87442 and set the SL below the next support 0.87185. TP is set at the resistance 0.88394. See the arrows for my graphical projection.
Entry: BUY LIMIT 0.8748
SL: 0.87057
TP: 0.88341 / 0.87912 (partial profits)
Trade characteristics: Trend reversal with a limit entry on a retest of trendline
Expected trade duration: 1-2 days
Risk-to-Reward-Ratio: 2.04
Any Likes or Opinions in the comment section are appreciated. I also post regularly, so if you like my content, make sure to follow me. :)
The EURGBP is trending up and we are now looking for a pullback to enter this trade.
Resistances: 0.87912, 0.88394
Supports: 0.87442, 0.87185
I set a BUY LIMIT ORDER below the support 0.87442 and set the SL below the next support 0.87185. TP is set at the resistance 0.88394. See the arrows for my graphical projection.
Entry: BUY LIMIT 0.8748
SL: 0.87057
TP: 0.88341 / 0.87912 (partial profits)
Trade characteristics: Trend reversal with a limit entry on a retest of trendline
Expected trade duration: 1-2 days
Risk-to-Reward-Ratio: 2.04
Any Likes or Opinions in the comment section are appreciated. I also post regularly, so if you like my content, make sure to follow me. :)