EURGBP - LONG, Double-Bottom and Bounce off LT Support.
Great opportunity to enter LONG on Euro Pound. Pair has been in consolidation on the daily time frame and has established a nice channel. Recent downward movement has tested support twice and is poised to bounce. This is a great 6:1 Risk Reward trade if entered now with tight stop just below last low.
First Target 0.382 Retracement Second Target 0.618 Retracement Third Target 0.764 Retracement Let the rest run and see if hit short-term resistance!