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Olu
Apr 7, 2018 4:45 PM

EurGbp: Possible 'Sell and Hold' If Support Is Broken Short

Euro Fx/British PoundFXCM

Description

Comments on the chart. Wait for the break because it could bounce

Comment

This idea is the inverse idea of the GbpEur idea. Price tested the 0.8700 level but bounced. This is a weekly chart so patience is required to see this idea to sink or swim

Comment

Price is moving down nicely and has closed below the consolidation zone

Comment

I cant ignore the solid bullish engulfing candle off support. So this is one to watch
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