themarketzone

After first target level - 90 pips, Can it climb to 0.8?

FX:EURGBP   Euro Fx/British Pound
Elite Zone setup - The $EURGBP long setup from 0.78 took about 1 week from entry, to reach its first target level.
The trading channel bottom, some daily Pinbars and Fibs extensions were the reasons for my entry.
Now this pair faces daily resistance near 0.79.
We may see a pullback here so if you want to try shorting this pair, this is your sell zone. Since I've entered pretty much from the bottom, I'm looking for this pair to reach the upper side of the daily trading channel - Near 0.8.

You can either short it, based on resistance zone , with 20-30 pips target and than wait for reversal.. Or, if you are bullish , you need to wait for the breakout (above 0.79) and than try to time your long entry after intra-day pullback lower, back to structure level.
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Tomer J,
The Market Zone - You trading Edge
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