Guys,
Looks like EURGBP is being rejected by .8800.
If it closes as a PB I would classify it as a A setup since we have confluence with Fibs.
Do you agree?
My first TP would be around .8700.
I have a question regarding which points to choose for the fibs retracement.
I had the choice between A and B on the graph.
B gives me a nice confluence, with A it is less conclusive.
Since confluence is THE point to look for I was wondering which point is more logical to take.
Cheers
Looks like EURGBP is being rejected by .8800.
If it closes as a PB I would classify it as a A setup since we have confluence with Fibs.
Do you agree?
My first TP would be around .8700.
I have a question regarding which points to choose for the fibs retracement.
I had the choice between A and B on the graph.
B gives me a nice confluence, with A it is less conclusive.
Since confluence is THE point to look for I was wondering which point is more logical to take.
Cheers