DarrenWells
Long

EURGBP BULLISH CHANNEL BREAKOUT

FX:EURGBP   Euro / British Pound
EURGBP             has been trading within a bullish channel since March this year and on Friday closed significantly outside of it, the pair is also trading above the 20MA, which has provided strong resistance while in the channel. Thursday is obviously the date this week everyone is looking to is both the ECB and BOE rate decisions.
Good eye!
Reply
Hi Darren Wells !

I'd like to thank you for all your published ideas. They helpt me a lot.
But on this one, I'd like to warn you about a high probable reverse at 0.8. Indeed Morgan Stanley entered a short from 0.794 with a SL @ 0.8.
In case you'd like to trade long this pair, I advise you to enter for a break of 0.8 level.

I wish you the best for your trades.

Serge
+1 Reply
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