EURGBP Approaching Support, Buy On Weakness!
Signal ID : 5201
Buy Entry @ 0.8732
Take Profit @ 0.8819
Stop Loss @ 0.8707
Price is approaching our support at 0.8732 (horizontal overlap support, 38.2% Fibonacci retracement , 100% Fibonacci extension ). We expect a strong bounce to occur at this level, pushing price up to our minor resistance at 0.8819 (Swing high resistance, 78.6% Fibonacci retracement , 100% Fibonacci extension ).
Stochastic is approaching our support, where bounce above this level might be a good precursor for a rise in price.
Buy Entry @ 0.8732
Take Profit @ 0.8819
Stop Loss @ 0.8707
Price is approaching our support at 0.8732 (horizontal overlap support, 38.2% Fibonacci retracement , 100% Fibonacci extension ). We expect a strong bounce to occur at this level, pushing price up to our minor resistance at 0.8819 (Swing high resistance, 78.6% Fibonacci retracement , 100% Fibonacci extension ).
Stochastic is approaching our support, where bounce above this level might be a good precursor for a rise in price.
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