SwissPips
Long

EUR/GBP Bullish (weekly)

FX:EURGBP   Euro Fx/British Pound
73 3 5
Prices held well Tenkan Sen and above KUMO

LS broke its own KUMO: should be a strong buy indication

I would wait for a smaller correction and then enter a buy trade
Comment: Trade worked nicely, I hope you guys earned some p$ps
Looking at the monthly chart, price is in retracement and around support turned resistance area coupled with 38.2% fibonanci confluence point. I think price is due for a big sell as it is far away from weekly kijun sen and a daily double top formation confirming the sell. Will be going short on 4hr kumo breakout for long term trade..

I did support your analysis on GbpChf pair but not this.
Anyway, keeping an eye on your analysis and mine too.... Sorry, am not able to most charts.....
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SwissPips PRO thewealthlifters
snapshot


Thank you for taking time to reply. Actually the monthly shows, for me, that there is still room to go up since prices nicely rebounded on KS suggesting it still wants to go higher around 38.2% retracement. But indeed I may be wrong :) Thanks for your view.
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snapshot


I would wait until prices correct to Kijun Sen and then place a buy order
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