Here we can see a very strong trendline on the H4 chart of EURGBP. As of yet confirmation that price is going to bounce off this level is not apparent however, I will be watching pair for the close of this first and potentially second H4 candle since the market opened. If we get any bullish candle this will be a strong trade to enter with a nice R:R of 1:6 leading us to some nice profit if things go our way. Lets wait and see what happens.
Trade active:
Trade progressing nicely now. Entered at the desired 0.84895 entry and currently sitting 40-50 pips up. Stop loss moved into 10 pips profit to lock in some money.
Trade active:
This trade is going incredibly well. Almost a pip perfect entry and now I'm currently sitting 120 pips up. Stop moved to 0.858 to secure a very nice amount of profit but I think we should be able to reach the target.
Trade closed: target reached:
Lovely trade. +154 pips, +12% account value