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TheSupportResistanceTrader
Sep 21, 2015 12:06 PM

Longing EURGBP in perfect channel Long

Euro Fx/British PoundFXCM

Description

Longing this pair as it is now right on the edge of this perfect channel. The main trend is long which adds probability for a long trade to work. My entry confirmation will as usual be a pinbar or doji on the 1hr chart. The risk:reward on this trade you can choose after your liking but as the risk is so small i will go for a 1:4 risk:reward as we find a minor resistance level at that point. Hold your thumbs!
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