EURGBP 4hr - Countertrend Buying Opportunity
This is definitely an aggressive opportunity but the Reward to Risk profile is pretty nice.
- Price is retesting Jan 25th low
- Double bottom forming with Bullish Divergence on the RSI
- Also, a deep Cypher pattern formation
Entry = .7410 level.
Stops = Below .7375
Target 1 =. 7485
Target 2 = .7520
- Price is retesting Jan 25th low
- Double bottom forming with Bullish Divergence on the RSI
- Also, a deep Cypher pattern formation
Entry = .7410 level.
Stops = Below .7375
Target 1 =. 7485
Target 2 = .7520
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