Hello,
Lets look at EURGBP this time.
Why?
0.925 was reached once last year in October 2016. The one before was back in September 2009. 0.925 - 93 is a significant level.
Fundamentally, EURGBP could go higher, but since it has had a 900+pips move since April 2017 from 0.83117 to 0.9299, i think it is time to retrace
Target?
Lets target fibo 61.8% -0.89 level before deciding the next move. (300pips)
happy trading!
Lets look at EURGBP this time.
Why?
0.925 was reached once last year in October 2016. The one before was back in September 2009. 0.925 - 93 is a significant level.
Fundamentally, EURGBP could go higher, but since it has had a 900+pips move since April 2017 from 0.83117 to 0.9299, i think it is time to retrace
Target?
Lets target fibo 61.8% -0.89 level before deciding the next move. (300pips)
happy trading!
Trade active:
watching closely
Trade active
Trade closed: target reached:
three weeks of waiting 400 pips in the bag. not bad