vj20_fx

Further Analysis - Short-term opportunity

Long
FX:EURGBP   Euro / British Pound
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2
Watching the EURGBP closely, I have identified a perfect bullish channel that has run through the major trendline and is still making the Higher Highs and Higher Lows. We have now reached a point in the channel where the Higher Low failed to move up but did form a double bottom formation. Price is now going to move back into the channel to carry on the trend it is in. I am waiting for a candlestick close above the channel line for confirmation the trend is continuing.