Long EURGBP on positive Daily and Weekly momentum
Long EURGBP with positive momentum on both Daily and Weekly (see upper and lower right).
Pullback towards EMA21 on 240 min has been made, which now functions as support (see upper left).
Trend is strong with ADX > 25 on 240 min.
Stop Loss @ 0,89100 (about 10 pips below pullback on 240 min). I will increase the Stop Loss to Break Even if 1:1 is reached, making the trade risk free.
I'm taking quarterly profits @ 1:1, 2:1, 5:1 and 10:1. I'll raise my Stop Loss if targets are reached.
Pullback towards EMA21 on 240 min has been made, which now functions as support (see upper left).
Trend is strong with ADX > 25 on 240 min.
Stop Loss @ 0,89100 (about 10 pips below pullback on 240 min). I will increase the Stop Loss to Break Even if 1:1 is reached, making the trade risk free.
I'm taking quarterly profits @ 1:1, 2:1, 5:1 and 10:1. I'll raise my Stop Loss if targets are reached.
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