TradingView
ForceFollower
Jul 17, 2013 1:34 PM

EUR/GBP Ahead of a Small Rally Long

Euro Fx/British PoundFXCM

Description

The euro is clearly strong to me, so I'm unfazed by the recent selloff. I give it a good chance that EUR/GBP will retrace back up at least to 0.8659. The odds (derived from my research) are as displayed, but remember to have a stop in place, just below the previous swing low - you know, a stitch in time saves nine.
Comments
ForceFollower
Failed. Closed.
ForceFollower
The poke below 0.86200 made me revise the targets to: 0.86520 and 0.86640 respectively. I'm still in this long.
More