EUR/GBP POTENTIAL LONG? Entry@0.83997 Stop@0.83283 Target@0.8537

7 set 2016

A little bit late to the party as price has already pushed up passed my desired entry. However for me to still consider this a trade to take, price would have to retrace back down slightly to a more favoured entry to benefit my risk to reward ratio. In addition, if I were to enter toady it would likely be on one of the lower time frames, but if I were to enter on the daily chart then I would have to wait until tomorrow to ensure that buyers are in control of price (price opens higher than today's close).