On this market watch, we are giving you a head up on a EURGBP.
On the monthly EURGBP chart, we can see that the pair is heading up to a median line of the uptrend Pitchfork channel 0.9200 level. The pair is being supported by the WMA (34) 0.8691 in the recent months which is making a strong case for another retest of the 0.9200 level.
4th of July promotion get more for the price of one!
We have used the top-down trading analysis to get to this trade entry and a daily price action is offering us a good risk to reward. You can go long entry on ascending triangle break retest with the stop loss below the 0.8780 level targeting 0.9050 level.
Happy trading! (click on the chart to enlarge it)
The broker of our choice! Open the account and get the discount for our services!
Through time we have developed a very respectable trading strategy which defines Entry, Stop Loss and Take Profit levels with high accuracy and allows you to make position Risk Free. We are publishing 5-10 trade alerts per week via real-time Private twitter feed!