fash
Long

EUR/GBP to 78/79?

FX:EURGBP   Euro / British Pound
45 2 0
What's not to like about this pair long?

Not quite a triple bottom but close enough for me, higher swing low should be alerting traders to the possibilities here and most importantly (for me), a sustained break and hold of the key 72 area. A bit premature but a H & S forming too. Neckline at 7420. Targets the 79 area if completed. Personally I'd be happy with 77.50-78.

Fundamentals appear to support this view for now, UK data not been great of late and BoE have recently dampened hiking talk whilst ECB have stood still...thus narrowing divergence in monetary policy expectations.

Stops above 73 now look vulnerable and could propel us to 74 in a hurry
Hi, I would trade it like that if it is a Change in Trend Direction. Around the Entry Point I would look for RSI Divergence in daily or at least 4 Hour Chart:
snapshot

Good Luck
Reply
fash P_Parker
That is one way of doing it P, probably safer too.

EUR/GBP typically likes to stall between the 61.8-78.6% on larger TF's. Stops should be placed accordingly

Good luck, I will follow u, we'll speak again!
+1 Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out