pardeepk

EUR/GBP enter at fibonacci retracement

Long
FX:EURGBP   Euro / British Pound
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***TEST TRADE****

Enter at:0.8039
Limit:0.80713
Stop:0.80240

Therefore, you are risking around 15 pips to chase around 33 pips.

the reason for entering at that level is because price will be at the 0.50 fibonacci retracement from the recent upswing combined with ichimoku support --> This results in a stronger support base.

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