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charliewebb99
Jul 19, 2017 2:53 PM

EURGBP Long

Euro Fx/British PoundFXCM

Description

EURGBP forming a clear uptrend on the daily chart, price has recently broken out of a longer term range and has now continued to consolidate unable to successfully break the 0.88589 level.

Potential entry for this trade would be a break and retest of the Daily resistance up at around 0.88589. Look to buy on the restest.

Stops placed below restistant and also 0.87000 whole number.

Target will be placed below 0.94000 whole number which is also previous structure looking left.

Risk reward for this trade is 2.7:1
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