EUR/GBP REVERSAL | INVERTED H&S / DOUBLE BOTTOM
NOTE: The following extends my earlier post on EUR/GBP. Please refer to it in addition to this post; attached below as a related idea.
VERDICT: Cycle low is in and forecasting movement to the upside. Targeting the 61.8% retracement level.
- Inverted H&S - Right Shoulder Forming
- Double Bottom Still Holding As The Local Low
- Targeting The 61.8% Fibonacci Retracement Level
- Macro-Economic Analysis - Further Downside Expected, Thus A Rise In EUR/GBP
VERDICT: Cycle low is in and forecasting movement to the upside. Targeting the 61.8% retracement level.
Comment:
Adjusted Double Bottom?
