Fibs
Long

EURGBP Long

FX:EURGBP   Euro Fx/British Pound
Three reasons to go long in this chart:
- 61.8% retracement of latest leg up (blue)
- Support/Resistance level (yellow)
- RSI divergence.

T1 is at the 38% retracement of latest leg down (red) where there's also a support/resistance level (yellow).
T2 is at the 78 % retracement of latest leg down (red) where there's also the 11.4/88.6% distance of the leg up (blue)
T3 is at 27% extension of the latest leg up (blue) and the psychological level of 0.80000
Comment: T1 got hit. We closed 1/3 of our position and moved Stop Loss to 0.78436
Comment: T2 got hit (we chose the red line). Closed another 1/3 of original position. Stop Loss moved to 0.78829.
Comment: Locking in 23 pips more profit. SL moved to 0.79050
Comment: Locking in 15 more pips. SL moved to 0.79200
Trade closed manually: Took off the last 1/3 of the position at 0.79900 in light of the upcoming NFP news release.
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