EURGBP (1D): Brexit Saga Continues

EURGBP
Timeframe: 1D
Direction: Long

Confluences for Trade:
- Price close to support of Parallel Channel
- Price close to Horizontal Support Trendline (since May 18)
- Stochastic Overbought momentum (D1 & H4)
- Gap between 8EMA and 50EMA very wide
- Fundamentally, Brexit story continues.

Suggested Trade:
Entry @ Area of Interest 0.8660 - 0.8715
SL: 0.8632
TP: 0.8832
RR: Approx. 2.21 (Depending on Entry Level)


May the pips move in our favor! Good luck! :D

*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.

Trade closed manually:

Price action felt weird. Closed position to be safe. Gained +67 pips.

Better be safe than sorry. Aim for another trade. :D

Comment:

Noise from Brexit caused a quick spike on this trade which would have hit our TP levels.

Oh well, search for the next trade continues.