View: Bullish on EURGBP
Trigger: When all 4Hr SMA’s (10/20/50/100/200) crossover in perfect alignment:

10SMA>20SMA>50SMA>100SMA>200SMA (4hr candles)

You can see this on my charts as follows:
10 SMA: Red
20 SMA: Magenta
50 SMA: Plum (marked with a Red Cross on the last chart to indicate SL)
100 SMA: Lime Green
200 SMA: Blue

Trade: Buy EUR/GBP at current price 86.09
Stop Loss: 50SMA, trail price as it moves towards target price and gradually move SL to Break Even for a zero-risk trade profile.
Target: 87.09 for a 1:1 risk/reward in the region where MR2 (0.87176), WR2(0.87138) and the 0.87 ‘psych’ level are confluent.
Max gain: 100pips
Max Loss: 100pips
Breakeven: 0.8609 or entry price

This is my EURGBP trade plan.

May the pips be with you!

EURGBP 4HR SMA Alignment

EURGBP Weekly Pivots

EURGBP Monthly Pivots

EURGBP 50SMA Stop Loss

EURGBP Weekly

2 thoughts on “EURGBP PERFECT LONG”

  1. Dalmas Ngetich - FOREX.TODAY says:

    I especially liked the way last week’s candlestick closed. a perfect bullish engulfing and a double bar reversal pattern. I’m short GBP.

    1. Kash says:

      Thanks for the like and feedback Dalmas. I agree, I am not going to argue with that Green Bullish Engulfing Weekly Candle on EURGBP last week. My direction is set. May the pips be with you!

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