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FX618Analysis

POSITION TRADING: EURGBP BUY LIMIT ORDER. TARGET 0.89600

Long
Euro / British Pound (FX:EURGBP)  
FX618Analysis  
FX:EURGBP   Euro / British Pound
Trend Analysis Chart Patterns Technical Indicators LONG positiontrading Weekly Charts EURGBP breakout Supply Zone Demand Zone
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trendanalysis chartpattern indicator long positiontrading weekly eurgbp breakout supplyzone demandzone
TRADE TYPE: BUY LIMIT
TRADE DIRECTION: LONG
TIMEFRAME: WEEKLY
ENTRY PRICE: 0.87100
STOP LOSS: 0.85000
TAKE PROFIT: 0.89600
RISK TO REWARD: 1:1

ANALYSIS: Price broke the supply zone comfortably and now shall look to aim towards the upcoming supply zone . stop loss ideally placed below swing low.

Follow this thread for any future updates regarding this specific trade.

CAUTION: Trading Outcome is Probability based and could wipe out your account if risk management and strategy is not followed properly. Cheers

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