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Sascha_Gogolin

EUR/GBP - Small corrective structure in between S & R zones

Long
Euro / British Pound (FX:EURGBP)  
Sascha_Gogolin Updated   
FX:EURGBP   Euro / British Pound
price-action Support and Resistance correction correctivestructure LONG longsetup
3
0
price-action supportandresistance correction correctivestructure long longsetup
We have a small corrective structure in between a support and resistance zone. If the structure holds and the buyers are able to maintain control we should see a rejection from the bottom of the structure. That would allow for a tight SL with primary target at 0.8500 and possible secondary target around 0.85750 if 0.8500 folds.
Trade closed: target reached:
Both target levels reached.
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