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Chibuike_Odoh
Feb 4, 2021 6:49 AM

EURGBP - POTENTIAL BUY ENTRY  Long

Euro Fx/British PoundFXCM

Description

ANALYSIS 🔎
- EURGBP was printing a falling wedge pattern.
- This is a bullish reversal pattern.
- Price brokeout above the falling wedge's resistance.
- RSI is printing a bullish divergence signal.

BUY ENTRY ⬆️
- Aggressive (risky): current market price (now)
- Conservative: breakout above the the previous swing high resistance (R1).

TARGETS 🎯
- Horizontal resistance level R2.
- Horizontal resistance level R3.

SETUP INVALIDATION ❌
- Breakdown below the swing low horizontal support level (S1).

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Chibuike_Odoh
EURGBP
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