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Jimz0r
Nov 12, 2015 12:31 PM

Double bottom on 4h and 1h on the EURGBP Long

Euro Fx/British PoundFXCM

Description

Hello Traders

After a week EURGBP hits again that major support level on the 4h chart.
At this moment it looks like a double bottom but that's not a reason to go long.

on the 1h chart we also have a double bottom with bullish divergence.
All i'm waiting for is a break of structure to the upside on the 1h chart and a retracement (what will turn into a 2618 retracement) to go long here.

Goodluck traders
Jimmy du Bois
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