YourLazyTrader

EURGBP at multi-year Support. Low-risk, Big reward Buy set-up

Long
FX:EURGBP   Euro / British Pound
Persistent Euro weakness has pushed EURGBP to it's yearly lows. However, price has rebounded from a very strong support zone as indicated in my chart.
So, traders can look for Long entries at 0.8290-0.8330 with SL below 0.8200.
Traders can take profit at 0.84, 0.8550,0.8780 and 0.93.
Comment:
The set-up is working perfectly
Comment:
First TP reached
Comment:
Third TP also done. Mega 500+ pips
Trade closed: target reached:
Huge 900+ pip swing from the buy zone
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.