EURGBP H4: TP +150 pips Best Level to BUY/HOLD (SL/TP)

Feb 1, 2023

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EURGBP H4: TP +150 pips Best Level to BUY/HOLD (SL/TP)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as LONG because I expect more short-term
gains and uptrend continuation

🔸 Summary and potential trade setup
::: EURGBP 4hour chart review outlook
::: accumulation in progress
::: range-locked price action recently
::: expecting decent BREAKOUT soon
::: will boost EURGBP mid-term
::: BULLS reload / BUY and HOLD at market
::: expecting strong breakout
::: BULLS maintain mid-term control
::: recommended strategy: BUY AT MARKET
::: SL 40 pips TP1 +75 pips TP2 +150 pips
::: 9000 strong resistance overhead
::: 9000 is FRESH SUPPLY / BEARS
::: also fits the Lower Highs sequence
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 8650 fresh demand zone
::: 9000 fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BULLS/BREAKOUT
::: Sentiment outlook mid-term: STRONG BOUNCE

RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.

Feb 1, 2023

Note

breakout might trigger later today

Feb 1, 2023

Note

PUMPING

Feb 3, 2023

Note

TP1 hit already at 8950