Hey all! I hope your weekend was superb, now lets get back to making money!
We are going to execute a EURGBP long in the early Monday market open and the reasons are,
- GBP looks weak vs USD and other pairs (IMO) - RSI is low and meets our entry cretaria (with the fibs) - Price is at the 38.2 / 30 support zone and already rejected it ones - The bearish trend is loosing steam!
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We still believe this trade will work, we went in again based on the 1D chart analysis.