Eurgbp 1d

[jamest]

Hi - A long EURGBP set up on 1 Day charts came through on Friday. I'm new to MT, but I like the trade technically if you look at recent S/R levels. The first price target is at the 62 fib retracement level of the major downtrend that began at the end of Dec 2004.

I'm long at 0.6832 with stops as suggested by MT. As a newbie to MT any views on the set up are welcome. Cheers, James.

[bgold]

Hi,
Also new to MTP. Took the trade also but on an early entry at .6804 for similar reasons. Think that one can let part of this trade run a long way if one is patient and gives it a bit of room. For now stop below the recent lows.

[Sejake]

Just an update to this thread and here's how it looked on my EOD.