2016-03-30_00-39-19eurgbp4h

Hello all,

Sometimes one looks at a chart and sees a certain symmetry on the chart.

On this 4 hour GBP chart you can see several very deep retracements breaching the 55 day moving average and then pulling back into the direction of the original long trend.

If price moves over the 55 day moving average then a long trade is suggested.

The stop loss might go below the current swing low and the profit target might be at number 8 at 0.79200 which can be seen as a level of resistance.

BEST OF PIPS

One thought on “EURGBP 4 Hour Chart”

  1. Andrew E says:

    Success. bang on. Thanks!

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