ICFX

Fractal failure

Long
OANDA:EURGBP   Euro / British Pound
Price failed to complete a fractal on 2 weekly chart and is moving away from it. Things started to go wrong in July last year...something to do with Brexit and this "wrong bias" keeps going...
We see accumulation above the failed fractal and price is likely to push higher making higher high.

THIS IS NO TRADE SETUP BUT GENERAL OUTLOOK TO IDENTIFY LONG TERM BIAS.
as many cant make sense of whats going on with this messy pair.

Top Absolute Correlation 1 WEEK

1 EURGBP - GBPCHF -93.6%
2 EURGBP - EURCAD 90.3%
3 EURGBP - GBPSEK -88.5%
4 EURGBP - EURSGD 86.0%
5 EURGBP - XAUGBP 84.9%
6 EURGBP - CADCHF -83.9%
7 EURGBP - EURMXN 83.8%
8 EURGBP - CHFSGD 83.6%
9 EURGBP - NOKSEK -83.5%
10 EURGBP - USDRUB 82.4%

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