PrimedGroup

EURGBP Long / Buying a key support, Possible Head & Shoulders

Long
FX:EURGBP   Euro / British Pound
Hey guys!

Happy new week! I know its MLK day in the US, so their markets are closed, but that does not mean there are no opportunities in the markets! - We actually took home a few winners already, and I think we could get this one too!

Ok, so this trade is based on a few ideas, and here they are:

  • Price is at a strong support level
    Possible H&S pattern, seen on 4H, and 1H
    On the 10m chart, we are making higher highs and higher lows
    RSI is coming out of the oversold zone
    EUR has been pretty weak all last weak, some relief could come

I hope this helps you with your trading decisions and results today!

All the best! And PS, make sure you check out our signature below!
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