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EURGBP H1: TP +100 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 short-term pullback before reversal later near 8550 (BULLS)
πΈ Summary and potential trade setup ::: EURGBP 1hour chart review outlook ::: accumulation in progress ::: range-locked price action recently ::: expecting decent BOUNCE soon ::: will boost EURGBP mid-term ::: 8550 tagged as BEST reload BULLS ::: after we complete throwback/pullback ::: near 8550 / premium price level ::: recommended strategy: BUY LOW 8550/8570 ::: SL 30 pips TP1 +50 pips TP2 +100 pips ::: 8650 strong resistance overhead ::: 8650 is FRESH SUPPLY / BEARS ::: also fits the Lower Highs sequence ::: SWING trade setup do not expect ::: fast/miracle overnights gains here ::: good luck traders πΈ Supply/Demand Zones ::: 8550 fresh demand zone ::: 8650 fresh supply zone πΈ Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment short-term: BEARS/PULLBACK ::: Sentiment outlook mid-term: STRONG BOUNCE
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