Hey guys,
while browsing longer timeframes, I found very nice situation on EURGBP. If you look at 4hr you see we are on the significant PPZ @ 0.8600. Not only its very close scenario, which Jim did on EURUSD lately, but in case of break there is clear way up to 0.8860 or above. At this point we have outside bar shadowing last 3 bars and touching PPZ. I think it would be wise to watch break above (close) this lvl and maybe wait for pullack to get in. What do you think about this?
Happy trading.
while browsing longer timeframes, I found very nice situation on EURGBP. If you look at 4hr you see we are on the significant PPZ @ 0.8600. Not only its very close scenario, which Jim did on EURUSD lately, but in case of break there is clear way up to 0.8860 or above. At this point we have outside bar shadowing last 3 bars and touching PPZ. I think it would be wise to watch break above (close) this lvl and maybe wait for pullack to get in. What do you think about this?
Happy trading.