2018Oct11 EURGBP D1 Bullish Bat

EURGBP has recently been on a strong downtrend and formed a bullish bat. There has been a break and close above the channel resistance on H4 timeframe. As such, I will go long at 0.87468. Stop loss is precise which is just below point D. The take profit target is at the 38.2 Fibonacci retracement level of the leg AD. Trade details are as follows:

Trade Setup: Bullish Bat
Price Entry 0.87468
SL 0.87181 | SL pips 28.7
TP1 0.88665 | TP1 pips 119.7
RRR1 4.17