Confluence_trading

Break of consolidation potential long opportunity

Long
FX:EURGBP   Euro / British Pound
EURGBP Break of consolidation on the daily, retracement back into this consolidation currently at a smaller structure level which stops can be placed below but we are currently within a much bigger kill zone. At this level there is a descending channel that has been violated to the high side and is currently retracing back into the channel with a double bottom also at this level which was oversold on the initial test with divergence on the second test.
Comment:
With Brexit news caution is advised
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