EUR/GBP has been in a large decline against the recent trend and looks to be in some sort of leading diagonal pattern.
Major Fib 38.2% comes in at 0.86008 so buy slightly below but above lower trend line with profit risk of 1:2.5
Buy 0.8597
Stop 0.85744
Profit 0.86535 or more depending on strength.
Major Fib 38.2% comes in at 0.86008 so buy slightly below but above lower trend line with profit risk of 1:2.5
Buy 0.8597
Stop 0.85744
Profit 0.86535 or more depending on strength.
Note
Stop on drawing is a mistake. Should read 0.85744.Order cancelled
Trade cancelled due to price action rising above channel before entering. 
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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.