TodorGrigorov
Long

EURGBP CONSOLIDATION AS WE SEE IT

FX_IDC:EURGBP   Euro / British Pound
EURGBP so many things are happening here. In August I remember it was summer when our bat formation was filled I was expecting this for such a long time it was 2-3 months before my order was filled and it happened so fast 2-3 months waiting for 1 month fame but at the end we were winners with 250+ pips at 0.89 price and the summer mood and that amazing feeling when you have been right and honored by the profit you have made that feeling was amazing. Now I think we have been in a very interesting market condition... No one knows whats going on with EU and UK BREXIT thing. Int rates going up, stock markets are having a correction and all of the sudden it looks like I will be waiting for few more month in order to be filled by the price action at the end of the 2nd bat pattern emerging in this higher time frame consolidation. But before that we may see very strong move upside. Reasons BULLISH on EUR, GBP have been appreciating due to raise of interest rates, but I think its time for the cable to depreciate. RSI OVERSOLD, HORIZONTAL LINE MONTHLY SUPPORT, FIBONACCI LEVELS. BAT PATTERNS, MANY DIFFERENT OPPORTUNITIES FOR TAKE PROFITS. It will be interesting. GOOD LUCK
yo could be a good ol classic spring with Central bankers testing demand at support for EURO. cloase above 0.875 would be BULLISH
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TodorGrigorov simple_don
@simple_don, We had a good start of the week :)
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