EURGBP 4Hr Divergence

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Long

Euro Fx/British Pound (FX:EURGBP)

FX:EURGBP Euro Fx/British Pound

eur gbp eurgbp

Looking for pair to bounce off of previous support. Pretty clear divergence shown on RSI . Resistance levels are also well defined. SL @ 1.5x ATR

Trade active

Trade closed: stop reached: I guess my calculation was a bit off. Still happy with the strategy.

Catching a fallen knife will always harm. After confirming H&S it measured target is 0.735-0.745.

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