TrendsWithBenefits

EURGBP Potential Cypher Pattern

Long
FX:EURGBP   Euro / British Pound
14
Cypher pattern on the hourly time frame. Stops around 0.75230. First target is around 0.7644 and second target is around 0.7687. The daily trend is bullish, which means we are trading with the trend.

Enter at the 78.6% level at 0.7573. (It looks like we might get a good RSI reading as well which is a good confirmation)

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.