EUR/GBP express Technical Take (Hourly Chart)

29 August 2017 / JSE Market Updates Posted by: Musa Makoni

EXPRESS TRADE

LONG EUR/GBP

Entry: Buy above 0.9290

Stop Loss: 0.9260

Target Price 1: 0.9330

Target Price 2: 0.9350

(Hourly)

Source: Bloomberg

Buy EURGBP on a breakout above 0.9290.
Full target is 0.9350 but take half profits at 0.9330.
Move stop to 0.9315 if after first target is reached.

Always remember to apply your risk management measures before placing your trades as this will keep you trading in the markets.

Musa Makoni | Trading Specialist at GT247.com

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