Nice idea on EURGBP and there may be potential gains as you have identified by going long. Unfortunately, price has broken below your trend line. Nonetheless, we have found a support level at 0.8724. It is a horizontal swing low support with 100% Fibonacci extension and 76.4% Fibonacci retracement. Stochastic is approaching support and we might see a corresponding bounce in price. If a corresponding bounce does occur, we may want to take a look at the 0.8855 major resistance level, which coincides with the upper limit of your take profit zone. It is a horizontal pullback resistance, with a 38.2% & 50% Fibonacci retracement and 100% Fibonacci extension. Excited to see how things develop.
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We're waiting for the Daily CCI to cross up the negitive 50. That should confirm the trend !
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