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EUR/GBP approaching resistance EUR/GBP approaching resistance
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Show me the money! [Daytrading] Need some trade ideas for today? Want to share your own intraday trade ideas? If you're the next Jerry Maguire and can show us the money then this thread is for you.

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Old 04-08-2008, 05:21 AM
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egonline egonline is offline
 

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Default EUR/GBP approaching resistance
EUR/GBP is testing resistance at near the 0.7982 level. Both stochastics and RSI read oversold on the 240-min (4 hour) chart. Price at time of writing is 0.7970.

To play:

Short at 0.7970, stop 0.7992 to give wiggle room otherwise 0.7985, target 0.7900.

Happy trading!
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Forex Forum > "The Holy Grails" > Show me the money! [Daytrading]

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