EURGBP, Waiting For a Buy Signal
After six red days in a row, EURGBP finally slowed down. It is now on an important horizontal resistance and bullish divergences (check your RSI) are all over smaller time frames (4h, 1h). Watch EURGBP in the coming days and wait for a price action buy signal. If it turns out that the support near 0.872 is strong and price starts to climb up, it would be worth to long EURGBP and to see if it can retrace 50%, which is near an important and logical resistance near 0.885.
Trade closed: target reached
Very good trade!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.