EURGBP this looks like the foundations of nice flag formation to break lower, but in the near term i'm expecting price to bounce at it's current level back in to the channel with
long targets 0.72244 / 0.72995 / 0.73876
Well played. Can keep holding for some extra pips. Im thinking 0.74 is possible next week.
I wanted to get in at that price too but i removed EURGBP from my watchlist last week and forgotten to place it back.
May look for entry levels on lower TF jump back in. Be a waisted opportunity, knowing where it's going is half the battle won :) Expecting some resistance at it's current level so wait see if it pushes through
Yes me too. Looking to enter this. I did my analysis and its pointing buy eur sell gbp. so long eurgbp is perfect.
eur pairs have no real resistance or overcame their resistance.
gbp pairs have met their resistance and shown some weakness.
Just my opinion.
But then friday where I saw the correlation divide slightly. some news today saying Grease are unable to pay. Im not a fundamental trade if anything I do the opposite but worth being a little cautious . I don't trade have my posted analysis lol the buzz is getting it right :) Then kick myself after :/