Long the EURGBP

22 ene 2016

Here on the hourly time frame we have a few indications that the market may have a brief relief from the previously bearish momentum. Here on the chart you can see that we are in the potential reversal zone of a cypher pattern, we are also against previous structure, and we have an oversold RSI with this being the case i have decided to get long the EURGBP with stops below previous structure and targets back up at previous support that may in fact become our next resistance level.

If you are interested in seeing how i analyze the market everyday then check out my youtube channel for free educational content

LINK: youtube.com/channel/UCGL9ubdGcvZh_dvSV2z1hoQ

Also check out my cypher pattern tutorial

LINK: youtube.com/watch?v=tNkibT_htPk