Mikoxl.
Long

A temporary relief of bear pressure?

FX:EURGBP   Euro / British Pound
An initial test of the 0.7091 - 0.6535 range has taken place. This test could mean a temporary relief of the downward pressure. Now with this in mind i see a few opportunities to trade this pair.

The first one is a so called 2618 setup. For those aggresive C to D pattern traders, the 0.618 retracement at 0.7073 could be a turning point to go long.

The second one is a bearish bat pattern which completes at 0.7267. From a risk to reward point of view this setup couldn't be better. Also, there is still a lot of room to cover to the downside.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out