EURGBP friday movement contains nice bullish engulfing bar near the historical support area . On weekly chart we can also see a pin bar which can be a trend reversal sign. It is a countertrend prediction but I believe this one is strong.
Hi there, regarding this. I am actually looking to sell EURGBP @ 0.7840 despite the bullish engulfing bar, depending on how the next H4 close. I believe the bullish engulfing is simply just a retracement.
However, with the recent weakening of EUR and GBP i really have no clue where this pair is deciding to go.
My trade : sell @ 0.784 SL 0.787 TP 0.776.