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DJdSchu
Aug 3, 2021 10:48 PM

EURGBP long, long term Long

Euro Fx/British PoundFXCM

Description

Could be wrong, but looks like correction is close to being over
Daily timeframe hit 88.6 fibs and looks to be accumulating waiting for liftoff
If we get more bears on DXY, likely that both EUR and GBP are bullish, meaning we'd be bullish here too
Technicals are there, just have to wait and see

Comment

Also, if GBPUSD ends up bearish, still could mean we go long here

Don't like to look that deep into correlations, but we're long overdo for a giant bull candle here

Trade active



Entered again at the bottom green zone, looks like going to get a doji daily candle close, should be good news for London and the rest of the week
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