piphunters
Long

EURGBP: Long setup

FX:EURGBP   Euro Fx/British Pound
798 13 24
11 months ago
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!
10 months ago
Comment: we are now well above the corrective structure.
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shareefissey
11 months ago
Nice
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piphunters shareefissey
11 months ago
Thanks!
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Piet.Hein
11 months ago
Yeah, for me looks like its going to rise too. Agree. Waiting a setup on lower time frames to buy.
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raegenius
11 months ago
I agree with analysis, but appears that trend channel is kept price from continuing upwards.
snapshot
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raegenius raegenius
11 months ago
....trend channel is keeping* price.....sorry for typo
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piphunters raegenius
11 months ago
agree it's struggling here
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piphunters raegenius
11 months ago
now looks it has cleared that area.
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Ambipath
11 months ago
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.
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nallleon PRO
11 months ago
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
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wasis
11 months ago
snapshot
. also long
+1 Reply
piphunters wasis
10 months ago
right
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Piet.Hein
10 months ago
My view:

EURGBP Analysis
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DAVID_GIRALDO
10 months ago
woww those are pips!! nice spot
+1 Reply
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