EURGBP Trade Idea for Week-52 (2015)

On daily chart below, we can clearly see that this pair is trending up. The price are testing the resistant at 61.8% a week previously and manage to break it after 5 days continuous attempts.

So, here is my trading plan:

• I trade with the trend, and the trend is bullish - price will go up.
• Wait until the price draw near to the trend line - it's pretty close as the candle turn red.
• Buy at 0.7331 (because I'm using 1:200 leverage, with 10000 capital, I bought 5 standard lot).
• Take profit at 0.7442 (approximately above 0.7420 but stay away from 100% on Fibonacci line.
• Stop loss at 0.7258 just above 50% of Fibonacci retracement line.

There I go, we will see what happen in the next 10 days. I will update the status of this trade if necessary. By the way, market will close on 25 December, 2015 for Christmas Day. Merry Christmas to all.