vlad.adrian
Long

EURGBP - Short term bottom

FX:EURGBP   Euro Fx/British Pound
388 0 7
On a larger time frame, I believe that this pair will move lower
snapshot
. However, right now the pair stands at a major support level and the daily chart offers a bullish trade. I do not want to stay too much in this trade, so my TP is below the major resistance at 0.80.

The daily chart has drawn a false breakout, a double bottom , a bullish engulfing candle, a bullish divergence and blue impulse. All is in place for a small rally.

Went long 1.5 at the open.
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