EUR / GBP yesterday produced a doji candle on the daily chart. Chart H1 shows that the price has been volatile. However, the pair is trading at a level that can function as a support level. If the level produces a bullish reversal candle and pushes the price north to break yesterday’s high, buyers can go long on the pair to catch some green pips.
Chart 1 EUR / GBP H1 Chart
The chart shows that the price headed north and had a rejection at the 0.87835 level. The price then returned to the 0.87620 level and also rebounded. At the time of writing, the price was bullish in the last candle. If the candle presents itself as a bullish reversal candle, buyers can trigger a long entry above the level of 0.87835.
Entrance: Buy above 0.87835
Stop Loss: Less than 0.87620
Take the profit 1: 0.88000
Take profit 2: 0.88100
Take profit 3: 0.88245
Try Secure Leveraged Trading with EagleFX!