EURGBP Long

29 Mar 2016

Three reasons to go long in this chart:
- 61.8% retracement of latest leg up (blue)
- Support/Resistance level (yellow)
- RSI divergence.

T1 is at the 38% retracement of latest leg down (red) where there's also a support/resistance level (yellow).
T2 is at the 78 % retracement of latest leg down (red) where there's also the 11.4/88.6% distance of the leg up (blue)
T3 is at 27% extension of the latest leg up (blue) and the psychological level of 0.80000

31 Mar 2016

Not

T1 got hit. We closed 1/3 of our position and moved Stop Loss to 0.78436

31 Mar 2016

Not

T2 got hit (we chose the red line). Closed another 1/3 of original position. Stop Loss moved to 0.78829.

1 Nis 2016

Not

Locking in 23 pips more profit. SL moved to 0.79050

1 Nis 2016

Not

Locking in 15 more pips. SL moved to 0.79200

1 Nis 2016

İşlem elle kapatılmış

Took off the last 1/3 of the position at 0.79900 in light of the upcoming NFP news release.