TradingView
Mikoxl.
Mar 7, 2015 9:05 AM

EURGBP ready to consolidate? 

Euro Fx/British PoundFXCM

Description

I like to trade harmonic patterns on the EURGBP on the 1H/4H,
but recent months have been very difficult as you can see the pair was trending. Not many opportunities..

Now to me it appears the pair is heading to a consolidation zone, a previous range of between 0.7096 and 0.6415.
I might be wrong on this zone. What do you think?

I think that in that zone lies more opportunities for countertrading and pattern trading..
Comments
Mikoxl.
Well, it consolidated for two months now..
More