Kaetea_Ng
Long

EURGBP in an uptrend

FX:EURGBP   Euro / British Pound
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

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Comments

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