Olu

EurGbp: Inverse H&S

Long
Olu Updated   
FX:EURGBP   Euro / British Pound
Let's see what Monday will bring
Comment:
Price dived back below the neckline. only a close above 8826 will keep the H&S idea in play
Comment:
Price put in a strong candle today supporting the inverse H&S idea. if 8761 is taken out I am abandoning the bullish idea
Comment:
The target for the H&S if it plays out is 8955 area
Comment:
price is back above the neckline, the 50sma and the 200sma. all we need is a breakout out of immediate resistance and we are off to the races. at the moment caution is required
Comment:
A good move up today. Sometimes trading this pair is like watching paint dry. Next target though is the 200sma @8877 area
Comment:
Price moved up again on friday afteer a small bout of weakness earlier on. Still looking for more upside
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