GBP/EUR - Strong Buy

FX_IDC:GBPEUR   British Pound / Euro
Cup Pattern Formation. A final move forming the handle, pushing to the downside for a short-term Selling opportunity for a Trend reversal to the upside at the 0.382 Fib Level.
Triggering a Long-Term Buying opportunity
- Entry @1.1079,
- Stop-Loss @1.1071
- Take-Profit @1.1139
Giving us a 7:5 risk to reward ratio.
- Confirmation.
RSI - Price Hovering Just over the Oversold Resistance Line
Volume - Selling Pressure is Easing off, Suggesting a Change in Market sentiment
Candlestick Formation - Pin Bar Showing Buying pressure is present within the short-term selling opportunity should you wish to trade against the trend

No High Volatile News Due for release within the next two days that will influence Price Action.


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