848evo
Long

EURGBP Retracement bounce coming up

FX:EURGBP   Euro Fx/British Pound
14 0 0
EURGBP             has made a powerful move down and PA could either start retracing for an RSI correction here or I'm hoping PA will drop a bit further to around the .75225 level that is heavy support. I would enter a long position at around this level with a SL just below the blue support line below it and a TP about halfway retracement right around the break down.
***** HOW TO READ THE CHART: The red and blue lines represent clusters of BUY/SELL orders. The thicker the line, the stronger the cluster. Red = SELL, Blue = BUY. Grayed Out = Cluster Hit & Gone.
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