vlad.adrian
Long

EURGBP - Pair is bottoming

FX:EURGBP   Euro Fx/British Pound
141 1 6
The monthly chart shows a double bottom , with divergence
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The weekly chart is still in the process of bottoming, and I expect false breakouts below 0.7750. The MACD shows bullish divergences on the lines and histogram, and price is as deviated from value as much as it has been since 2010, give or take.

I am very very cautious, and I will keep the risk minimum. This is a trade that needs a while to produce anything.
03.12.2014 position closed slightly below break even
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The weekly chart, which offered the trade rejected value, with e very bearish candle, and red impulse. Although the week did not end, I do not want to stick around, I'm happier taking a very small loss
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