EURGBP 30 m Channel pull back then break long

Pair is making new highs so my bias is long. It bounced back into the channel so I think it will pull back to either pull back zone around center line of channel. Macd is over sold. Then I think it will go long, break the channel top, hook back to the channel trendline and go long. My TP is a previous resistance level and is also a 50 # @.8950. SL below swing low. You could take 1/2 of your position @.8898 and then re-enter from .8905 to .8910.
We have many different strategies to learn on our blog and we are constantly coming out with new strategies for traders to learn every week. Visit us below on the website, Twitter or Facebook.

Watch for our new “Five Candle Mastery Trading Strategy”.

Comentário:

re-enter from .8905 to .8949