Short opportunity off last years high .92250, EURGBP is likely to retrace towards previous support at .875, which will serve as our first profit taking opportunity, with a secondary target at .84
Trade idea is confirmed by a greater than 70 reading on the RSI, an overbought signal.
SL: .925
Entry at: > .91
TP: .875/.84
Best of luck
TW
Trade idea is confirmed by a greater than 70 reading on the RSI, an overbought signal.
SL: .925
Entry at: > .91
TP: .875/.84
Best of luck
TW
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Related publications
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.