Monday, September 9, 2013

EURGBP PRICE ACTION: Pivot Bottom Trade Setup.


A Pivot Bottom Price Action Trade Setup as seen on the daily chart of the EURGBP, is a bullish reversal Trade Setup and could send prices higher in the coming days. It is important to note that an intra-day breakout bullish confirmation had occurred within today's trading therefore, price should attempt to reach higher. Psychological resistances at 0.8500 and 0.8600 would be reasonable take profit zones.




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