Missed my alerts for this one yesterday as I would've liked to be in around the 0.8880 - 0.8910 area.
But still taking it here although with a much worse RR ratio. Internet issues can happen so you just gotta deal with it.
Going long EURGBP based on a combination of tech exhaustion in various GBP pairs and stabilization in EUR pairs. We have a triple bottom near the 0.8860 area in EURGBP, coinciding with notable previous support/resistance levels on the weekly chart.
EURGBP has attempted (and somewhat succeeding) to close above the 200 DMA of 0.8925, while DAILY RSIs remain underpinned above the double bottom. Stop below the 200-WEEK MA of 0.8815.
I would've like shorting GBPUSD of the 1.3260s in combination with this trade yesterday, but I'm only gonna chase one of these two setups now.
But still taking it here although with a much worse RR ratio. Internet issues can happen so you just gotta deal with it.
Going long EURGBP based on a combination of tech exhaustion in various GBP pairs and stabilization in EUR pairs. We have a triple bottom near the 0.8860 area in EURGBP, coinciding with notable previous support/resistance levels on the weekly chart.
EURGBP has attempted (and somewhat succeeding) to close above the 200 DMA of 0.8925, while DAILY RSIs remain underpinned above the double bottom. Stop below the 200-WEEK MA of 0.8815.
I would've like shorting GBPUSD of the 1.3260s in combination with this trade yesterday, but I'm only gonna chase one of these two setups now.
Trade closed: target reached:
TP reached