EURGBP Swing trade Idea

FX:EURGBP   Euro / British Pound
35 0 2
After The break out of the previous consolidation 0.69-0.74 we have formed a bullish trend forming a support at the 0.77 level and resistance at 0.79 level. If the 0.77500 level holds by market open there will be a good opportunity for a long position with risk below the 0.77 and tp1 at 0.79 giving a r/w of 1/2.5. Keeping in mind that historically most up swings last around 1000 pips and the current swing has moved arround 800 pips tp2 will be 0.80000 level as it is also a psychological number and we have a nice support and resistance area there.
Comment: Target was reached without any pain :)
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out