EURGBP: Long setup

FX:EURGBP   Euro / British Pound
801 13 24
Here we have a corrective structure that has lasted almost 7 years, we have retrace more than 80% of the last impulse and now price has recently broken out of the smaller correction which had been going on since March 2015 and provides an opportunity to go long until the top trend line of the larger correction.

Previous lookout for a short setup did not materialize so going long!
Comment: we are now well above the corrective structure.
woww those are pips!! nice spot
+1 Reply
My view:

. also long
+1 Reply
nice. i agree with this. i see a reverse H&S pattern and if we stay above 0.7315/10 we could see a rally to 0.7860
At this point I see some head and shoulders so I think it is going to dip back under that line. After that not sure.
I agree with analysis, but appears that trend channel is kept price from continuing upwards.
raegenius raegenius
....trend channel is keeping* price.....sorry for typo
piphunters raegenius
agree it's struggling here
piphunters raegenius
now looks it has cleared that area.
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