piphunters
Long

EURGBP: Long setup

FX:EURGBP   Euro Fx/British Pound
800 13 24
a year 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!
a year ago
Comment: we are now well above the corrective structure.
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shareefissey
a year ago
Nice
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piphunters shareefissey
a year ago
Thanks!
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Piet.Hein
a year 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
a year ago
I agree with analysis, but appears that trend channel is kept price from continuing upwards.
snapshot
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raegenius raegenius
a year ago
....trend channel is keeping* price.....sorry for typo
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piphunters raegenius
a year ago
agree it's struggling here
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piphunters raegenius
a year ago
now looks it has cleared that area.
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Ambipath
a year 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
a year 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
a year ago
snapshot
. also long
+1 Reply
piphunters wasis
a year ago
right
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Piet.Hein
a year ago
My view:

EURGBP Analysis
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DAVID_GIRALDO
a year ago
woww those are pips!! nice spot
+1 Reply
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