Eurgbplong
Jamie Gun2Head - Buying EURGBPTrade Idea: Buying EURGBP
Reasoning: Confluence of fib, previous resistance, trend line support
Entry Level: 0.85860
Take Profit Level: 0.85860
Stop Loss: 0.84820
Risk/Reward: 4.47R
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EURGBP: Euro strength back?!EURGBP
Intraday - We look to Buy at 0.8465 (stop at 0.8415)
We are trading at oversold extremes. A bullish hammer has been formed on the 4hr timeframe. This is positive for sentiment and the uptrend has potential to return. A higher low has been formed. Preferred trade is to buy on dips.
Our profit targets will be 0.8615 and 0.8710
Resistance: 0.8505 / 0.8600 / 0.8710
Support: 0.8400 / 0.8295 / 0.8200
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