Description :
Looking at the H4 chart, my overall bias for EURGBP is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market structure. Looking for a pullback buy entry at 0.87952, where the overlap support and 38.2% Fibonacci line s. Stop loss will be at 0.87219, where the recent swing low is. Take profit will be at 0.88970, where the previous swing high was.
Trading Recommendation
Entry: 0.87952
Reason for Entry: Overlap support and 38.2% Fibonacci line
Take Profit: 0.88970
Reason for Take Profit:
Previous swing high
Stop Loss: 0.87219
Reason for Stop Loss:
Recent swing low
