EURGBP - Buy Opportunity on the Breakout

7 ต.ค. 2020

We've been talking about EURGBP since last week, althought we only had stop orders that were never triggered because the price went in a different direction.
This time, it looks like buyers have enough strength to break the level we were monitoring:



There's only one other level to break: the resistance around 0.9158, highlighted in red in the chart.
Overall, I think it is a good opportunity to enter right now, with buyers that seem to be very strong and with a first breakout of the most important level that we had on the chart.
The trade also offers the opportunity to place a convenient stop loss below the support and a take profit slightly higher than an important swing high we had in the past.

Enjoy the trading day!

13 ต.ค. 2020

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