Fxprotrader

EURGBP: Buy Opportunity at Sliding Parallel

Long
Fxprotrader Updated   
FX:EURGBP   Euro / British Pound
The slope of the pitchfork is pretty valid, and the price is now retracing to the sliding parallel above the median line, which has acted as strong support previously. Going long with sl and tp as shown in the chart is a very nice idea. The risk/reward ratio of this setup is a great one (4:1)
Trade closed: stop reached
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