#EURO is taking back controll over the #Pound

30 lug 2018

One which has been on our watchlist for time is EURGBP. Unfortunately we missed this entry by 5 Pips and did not catch another one in our favor. For now simple to manage and looking for long entries around 0.89. Target around 0.897 ( will be a 70 pips profit ) . The Headliner is on the 4 hour chart , but we analysed this pair only on the higher timeframes. Taking an eye on the weekly you can see the range between two strong weekly resistance , going lower on the daily we waited for a retracement to take another long position heading for the upper weekly resistance. This scenario played out and we took an order in the 4Hour chart ( break and retest minor trendline ) . Unfortunately missed it.
So now you have our view for another position on this pair with a good reward of risk.
Hope you enjoy and trade safe.

TEAM CRYPTON