EURGBP buy

EUR GBP has been trading in a decreasing channel post a good 400 pips up move in September. recently it tested and bounced from the lows of June and September, after a pin bar candle on daily time frame, the pair has given a good positive closing next day, post that the pair is consolidating in bullish pole and flag and took support of .618 fibbo level and given a positive breakout and moved back to the descending channel.

expecting a good breakout from the channel this time.

it will be a good risk to reward ration with possible upside of .90150 .90880 .914
and SL of .885

Commento:

EUR GBP took good support from the expected support line and made a double bottom on shorter time frame. .90045 being the neckline was tested late on Friday night.

Those who missed adding can add on any retracement, or on close above .90045. for the abovementioned target.

Trade chiuso: obiettivo raggiunto:

all three targets were met. almost 200 pips move .. cheers!!