amanpaulbhogal
Long

Double bottom and bullish divergence on EUR/GBP

FX:EURGBP   Euro Fx/British Pound
Double bottoming at the 0.7050 price level and ending Friday's trading session as an inside bar where the oscillators convey bullish divergence a likely bullish scenario is in development. There is potential for price to rally back into 0.7400 after breaking through and closing above ~0.7210.

entry - above high of inside bar
stop loss - below low of mother bar
target - short term at ~0.7210, long term at 0.7400
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