Title: Long EURGBP Based on Bullish Divergence on Daily and 1-hour
Trade Setup: - Asset: EURGBP - Timeframes: Daily and 1-hour - Entry: Buy at the close of a bullish candlestick pattern confirming divergence on the 1-hour chart - Stop-Loss: Below the recent swing low on the 1-hour chart - Take-Profit: Based on key resistance levels or a 1:2 risk-reward ratio
Analysis: - Bullish divergence confirmed on both daily and 1-hour timeframes - Volume supports potential bullish reversal
Trade Plan: - Enter long position on 1-hour bullish confirmation - Set stop-loss below recent 1-hour swing low - Take profit at key resistance levels or using a 1:2 risk-reward ratio - Risk 1-2% of trading capital
This trade plan aligns with technical analysis and provides a structured approach to capitalizing on the potential bullish reversal in EURGBP across multiple timeframes.
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