This signal outlines a tactical long entry on EUR/GBP, positioning for a bullish resolution from today's major fundamental events.
📰 Fundamental Thesis
This position is taken ahead of the two primary market movers: the ECB rate decision and the UK PMI data. The core thesis is that the ECB policy statement will be the dominant catalyst, providing strength to EUR that will outweigh the impact of the UK data release.
📊 Technical Thesis
The trade is defined by a sound technical structure. The stop loss is anchored beneath the critical support zone at 0.8640. The profit target is set to challenge the resistance area just above 0.8722. This setup offers a favorable and clearly defined risk-to-reward profile.
🧠 Risk Management
Execution is timed before extreme event-driven volatility. Adherence to the stop loss is critical to manage the inherent risk of this pre-news strategy.
Trade Parameters
⬆️ Direction: Long (Buy)
➡️ Entry: 0.86690
⛔️ Stop Loss: 0.86344
🎯 Target: 0.87382
✅ Risk/Reward: 1:2
📰 Fundamental Thesis
This position is taken ahead of the two primary market movers: the ECB rate decision and the UK PMI data. The core thesis is that the ECB policy statement will be the dominant catalyst, providing strength to EUR that will outweigh the impact of the UK data release.
📊 Technical Thesis
The trade is defined by a sound technical structure. The stop loss is anchored beneath the critical support zone at 0.8640. The profit target is set to challenge the resistance area just above 0.8722. This setup offers a favorable and clearly defined risk-to-reward profile.
🧠 Risk Management
Execution is timed before extreme event-driven volatility. Adherence to the stop loss is critical to manage the inherent risk of this pre-news strategy.
Trade Parameters
⬆️ Direction: Long (Buy)
➡️ Entry: 0.86690
⛔️ Stop Loss: 0.86344
🎯 Target: 0.87382
✅ Risk/Reward: 1:2
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.