EURGBP 200MA breakout setup 1H

Price broke the 100MA and then tested the 200MA showing signs of rejection but failed to continue lower. Finally, after some resistance, price broke the 200MA leaving some room for more upside potential.

Stop loss: 0.70966
Take profit: 0.71406
Break even at: 0.71260
Setup probability: 45-50%

Status: closed (-1R)

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