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EURGBP: Potential Longs!

Daily Time Frame: Starting on the higher time frames we can see that price has cleared daily consolidation and now testing as newfound support. By reading the swing highs and lows we can also see that price is on an uptrend.


4hr Time Frame: Scaling down to the 4hr we can see price is testing the trend line for the third time in confluence with the support, the break of consolidation, and key psychological zone. If price manages to stay above .90000 key support look to buy this back up to .91500. However, if price snaps below .90000, we must reevaluate price action. Due to the uncertainty of market fluidity, risk management is highly recommended.


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