EURGBP BUY PLAN: Channel breakout may add a boost to the upward move. For a long while, the pair travelling with a channel correction shield and trying to portrait the previous records.
At 0.92028, the market reversed the trend with an impulse and lead the price range in a channel correction pattern (shown in the graph).
As for now, the chart printing price action around 0.89062.
In a day time frame, the signals trying to mock previous price action with a breakout structure. The resistance and support will be a backup for the execution.
If the price range breakout the trend, the quotes could fetch the raise up-to 0.91875.
But the traders are recommended to take a stop in between @ 0.90344.
On the contrary, if the price range moves in a bear lane means, end the trade @ 0.87744 to short out the losses.
HAVE A LOOK INTO THE CHART AND DECIDE YOUR TRADE.
SIGNAL SPECIFICATION:
Pair: EURGBP
Order: BUY
Entry: 0.89062
Take profit 1: 0.90344
Take profit 2: 0.91875
Stop loss: 0.87744
Risk Vs Reward: 2.13
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1. Follow our 15 signals ….10% equity will increase in your account for sure. 2. We are not Trailing stop! or average the trades. 3. 2% Risk Management Per trade. 4. Risk vs Reward up to 1:7. Note: Trade signals would usually have a risk to reward ratio of 1:2. It means that even 2 out of 4 signals hits their SL marks, the other two would have closed with profit. This allows you to be good in overall pips profit. Signals are usually inter-day (Based on the daily candle) therefore, trades would usually have a holding time of an average minimum of 24 hours.
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