Here on the hourly time frame we have a few indications that the market may have a brief relief from the previously bearish momentum. Here on the chart you can see that we are in the potential reversal zone of a cypher pattern, we are also against previous structure, and we have an oversold RSI with this being the case i have decided to get long the EURGBP with stops below previous structure and targets back up at previous support that may in fact become our next resistance level.
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