trendscalpingea
Long

EURGBP after false channel breakout continues as predicted

FX:EURGBP   Euro / British Pound
23 4 1
Hi scalpers,
EURGBP             attempted to leave the channel, however next candle has returned the price back inside the channel with convincing momentum. Afterwards TP1 was reached 0.72250. Now we are testing this support and if the candle will hold inside, the price will continue UP to next TP2 at 0.73150. Heavy long positions recommended.
Enjoy the power of scalping EA             at: http://trendscalpingea.blogspot.com
Hopefully it holds
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anish_206 anish_206
And if this 4H candle is above 0.7225, is it okay to expect it to reach TP2 at 0.73150 ? . Why I'm asking is since EUR/USD seem to be reaching 1.15 soon and it will bounce back down, will that have any effect on this ?
Reply
This is cross EURGBP, so you don't need to worry about USD. After bearish BoE inflationary statement yesterday, GBP is weaker as EUR and will remain for some time. So it's safe to be buyer on EURGBP.
+1 Reply
anish_206 trendscalpingea
Thanks a lot. Will subscribe to your personal mail of your blog soon enough if your ideas keep working out like this. :) Really appreciate it.
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