desmondtatilian
Long

[EURGBP] Quick scalp up

FX:EURGBP   Euro / British Pound
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3
Quick scalp up

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Nice idea on EURGBP and there may be bullish 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 support that we have identified is at 0.8825 (61.8% Fibonacci extension , 38.2% Fibonacci retracement , horizontal swing low support). Stochastic is approaching its resistance at 2.4% where a corresponding bounce could occur. If a bounce does occur, we may look at the 0.8876 resistance level (50% Fibonacci retracement , horizontal overlap resistance), which is above the midway point of your take profit zone. Please have a look at our idea and share with us what you think.


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