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TayFx
Jan 1, 2020 11:15 PM

EUR/GBP 23:15:41 (UTC) Wed Jan 1, 2020 Long

Euro Fx/British PoundFXCM

Description

Looking for the 3-rd push to the descending trendline. For this pair, it's actually surprising that it didn't make it to the trendline and actually decreased as a nice monthly doji has formed from 0.83000 enclosed just under 0.8500. We've been seeing pound strength as expected and as we've called out the last three days .I'm looking at taking this trade long when it hits the 61.8%. Entreis will depend on the way the the pattern plays out. The time frame is 4hours.

23:15:41 (UTC)
Wed Jan 1, 2020
Comments
udealig9
This was a perfectly done analysis
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