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EURGBP: Longs to .93000?


Daily Time Frame: Starting on the higher time frames we can see that price is breaking levels. Notice how price broke out of a sideways range and showing signs of bullish momentum.

 

4hr Time Frame: Scaling down to the 4hr we can see that price has also cleared previous swing highs in confluence with the 3rd touch of the trend line and break of consolidation. If price manages to come back and retest look to buy this up to .91000, if price manages to clear that look to hold. However, if price shapes back below .90000, then we must reevaluate price action. Due to the uncertainty of market fluidity, risk management is highly recommended.

 

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