Potential Long Position for EUR/GBP_Trade Plan 2017.06.28

Legend for price level, trend line, and rectangle:
Dark Gray > Weekly Level
Blue > Daily Level
Red > H4 / H1 Level
Green > M15 / M5 Level
Yellow > M1 Level

D1 and H4 are both showing the overall trend is still up with price is holding above MA200 and major D1 support area 0.87353 - 0.87874.
For the last 1-2 weeks, price is moving and forming Rising Price Channel with currently in H1 price is moving down slightly below this channel lower line.

Trade Plan 1:
If price pull back to the confluences of support area 0.87607 - 0.87763 (H1 nearest support area, D1 support, Price Channel Lower Line) and rejected back up, can consider to long the market to follow the major uptrend.
With Stop Loss 29 pips and Target Profit 58 pips, the potential trade offers 2.00 Reward-To-Risk Ratio.
As an alternative, if price is still moving up with good momentum, Target Profit can be expanded to 85 pips offering 2.93 Reward-To-Risk Ratio.

Keep in alert if price continue moving back down below D1 support area 0.87353 - 0.87874 massively, this Trade Setup will be invalidated.