kyanmarco
Short

EURGBP against all odds

FX:EURGBP   Euro / British Pound
EURGBP reversals
Dec 03
Comment: I got out before the spike. Lookong to re-enter

Comments

Nice idea on EURGBP and there may be bearish bias as you have you have identified. For our set up, we have identified the key resistance and support levels for the short term. The first resistance that we have identified is at 0.8927 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance). Stochastic is approaching its resistance at 96% where a corresponding reversal could occur. If a reversal does occur, we may look at the 0.8824 support level (38.2% Fibonacci retracement, horizontal swing low support), which is just below the lower limit of your take profit zone.

Please have a look at our idea and share with us what you think.

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kyanmarco ICmarkets
@ICmarkets, nice I got out before the spike as it lose momentum.. I’m looking to re-enter.
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also look core EURUSD EURCHF EURJPY
like setup
Reply
@monir, thanks mate EURJPY is in my radar as well..
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