Eur/gbp pair might present a local long opportunity with a small stop, hence giving a good risk reward profile.
Should the price action go the way it is shown by the arrows the first target is certain to be hit, so unload half of your position there.
I will update the idea in case that happens, to assess the setup and decide wether to hold the position further and be waiting for the second target.
The stop should be right below the support line at about 0.87338
The second target is right at the border of the massive channel that the pair has been trading in for the past four years, which is in itself contained within an even larger channel, both are visible on a weekly timeframe.
Guys, please, support me with a like. It really helps me when you do that, and tell me what do you think?
Wish you luck!
Should the price action go the way it is shown by the arrows the first target is certain to be hit, so unload half of your position there.
I will update the idea in case that happens, to assess the setup and decide wether to hold the position further and be waiting for the second target.
The stop should be right below the support line at about 0.87338
The second target is right at the border of the massive channel that the pair has been trading in for the past four years, which is in itself contained within an even larger channel, both are visible on a weekly timeframe.
Guys, please, support me with a like. It really helps me when you do that, and tell me what do you think?
Wish you luck!
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