EURGBP Strong Buy Setup (Swing)
EURGBP is in a perfect situation to go Long.... here is why.
This pair has been falling since August 11th (more than 3 months). And now is touching a strong support for the 4th time.
Added to this, a Market Maker Strategy (MAAW Pattern) is completing its formation with a big Bullish divergence.
If we use a fibonacci extension we can find a perfect goal on the 61.8 level that perfectly matches the next mayor resistance at 0.88000
As conclusion this setup works perfect for me, risking 50 pips with a potential reward of 290 pips, almost a 1:6 Ratio
I would be entering a long position with a:
Buy Limit @ 0.85100
StopLoss @ 0.84600
TP @ 0.88000
Don't risk more than 2% of your accounthttps://www.tradingview.com/x/0MgYfP9Z/
This pair has been falling since August 11th (more than 3 months). And now is touching a strong support for the 4th time.
Added to this, a Market Maker Strategy (MAAW Pattern) is completing its formation with a big Bullish divergence.
If we use a fibonacci extension we can find a perfect goal on the 61.8 level that perfectly matches the next mayor resistance at 0.88000
As conclusion this setup works perfect for me, risking 50 pips with a potential reward of 290 pips, almost a 1:6 Ratio
I would be entering a long position with a:
Buy Limit @ 0.85100
StopLoss @ 0.84600
TP @ 0.88000
Don't risk more than 2% of your accounthttps://www.tradingview.com/x/0MgYfP9Z/
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.