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EURGBP Chart Insights

Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2015-09-28_22-48-23eurgbpforex.today

2015-09-28_22-48-23eurgbpforex.today

I like to use the help of one indicator and also on this chart I chose to show the MACD.

Number three shows a 123 pattern. Of interest is to acknowledge that price moves over the 200 and 55 moving averages.

Therefore we try to take only long positions. We are also aware of the daily range of the pair which might be 80 to 120 pips.

As long as price stays over the 200 MA we try to buy dips like on number 3, 5, 7, 9 and 11.

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