fxpays

A POTENTIAL LONG ON EURGBP!

Long
FX:EURGBP   Euro / British Pound
801 views
21
I am looking for a potential long position on EURGBP .

After the news release of the BREXIT deal being delayed, GBP has been showing bearish momentum. After my chart analysis I am deciding to wait for a potential buy to take us up to the upside.

Price has previously broken resistance as you can see by the green box, after this break you can see that price action has respected this area and is now support, along with this, price has also respected the white trendline indicting a strong bullish trend , because of this I am looking to go long. I will be risking 1% and looking for a 3% return.

You may wish to enter a long position at market open however we may see a slight retracement to the the green area which I have marked or potentially the trendline, this is why I have set my entry at this area and my SL below.

Feel free to use this idea (PLEASE ENTER AT YOUR OWN RISK!)

PLEASE FEEL FREE TO GIVE THIS IDEA A LIKE AND ALSO FOLLOW US AS IT IS MUCH APPREIACTED!

STAY SAFE AND HAPPY TRADING.
Trade closed: target reached: Trade entry at market open - 0.90325
STOP LOSS - 0.90075
TAKE PROFIT - 0.91075
TO EVERYONE THAT ENTERED THIS TRADE AT MARKET OPEN ENJOY PROFITS!!
Trade closed: target reached:

Comments

0.90127 is your entry ??
+1 Reply
fxpays rababsalem
@rababsalem yes, however when market opens, if price doesn’t go back down to support then I’ll enter a long position before that area
+1 Reply
fxpays rababsalem
@rababsalem my entry is around 0.9 but it all depends on market open
Reply
@fxpays, ok thanks, hope to book profits with this trade,
Reply
fxpays rababsalem
@rababsalem hopefully we make some profits
Reply
Hi there , thanks for your great trade , share more please 😁😁😁😁
Reply
fxpays rababsalem
@rababsalem of course, watch out for future trades👊🏼👍🏼
Reply
Nice one mate
Reply
fxpays TRADESBYZION
@TRADESBYZION, Thank you
+1 Reply