EURGBP: Simple Clean Analysis - Next Place For Longs?
Analysis on chart!
This pair has been bullish breaking and closing above previous structure levels! I would look for a pull back into previous structure where we also have a 0.5 Fib Retracement!
I like this opportunity for two reasons :
1) Not too much risk
2) A clear level to look for profits (Next major level of structure)
There is also harmonic legs completing at that next major level, so i would expect to see that 0.7600
If we do get a pull back I will drop down to the 60 min to look for an entry method! If we get one I will post the idea for you guys!
Hit that like button, share and comment away! Very much appreciated!
Ric
Smart Trading FX
This pair has been bullish breaking and closing above previous structure levels! I would look for a pull back into previous structure where we also have a 0.5 Fib Retracement!
I like this opportunity for two reasons :
1) Not too much risk
2) A clear level to look for profits (Next major level of structure)
There is also harmonic legs completing at that next major level, so i would expect to see that 0.7600
If we do get a pull back I will drop down to the 60 min to look for an entry method! If we get one I will post the idea for you guys!
Hit that like button, share and comment away! Very much appreciated!
Ric
Smart Trading FX
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