EURGBP Bullish signal
EURGBP is trading inside a Triangle with its bottom being Support (1).
This Support held on April 4th and the pair is rebounding.
Today's pullback gives another buy opportunity.
Trading Plan:
1. Buy for as long as the price is closing over Support (1).
Targets:
1. 0.88225 (under the MA50 (1d) and within a +1.10% rise and Fibonacci 0.382). Each of the Triangle's previous Highs broke over a Fibonacci level.
Tips:
1. The RSI (1d) is under a 2 month Falling Support. Keep an eye for the long term. A crossing over it, may signal a long term bullish breakout over the Triangle.
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This Support held on April 4th and the pair is rebounding.
Today's pullback gives another buy opportunity.
Trading Plan:
1. Buy for as long as the price is closing over Support (1).
Targets:
1. 0.88225 (under the MA50 (1d) and within a +1.10% rise and Fibonacci 0.382). Each of the Triangle's previous Highs broke over a Fibonacci level.
Tips:
1. The RSI (1d) is under a 2 month Falling Support. Keep an eye for the long term. A crossing over it, may signal a long term bullish breakout over the Triangle.
Please like, follow and comment!!
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