Trade Setup: EUR/GBP – 7 Sep 2016

7 Sep 2016
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7-sep-2016-eurgbp

Candle Stick Pattern: Morning Star at (1)
Confirmation:

  • Stochastic overbought range at (3).
  • Touching outer band of Bollinger Band at (1).
  • Retesting the support of (2) at (1).

Signal: BUY
Entry Point: 0.8428
SL: 0.8330 (98 pips)
TP: 0.8624 (196 pips)

7-sep-2016-eurgbp-cont

Spinning top at (1) and testing resistance at (2). trend may move down. Exit the trade and booked profit.

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