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JoeFX7
Sep 26, 2015 5:43 PM

EURGBP - Long ideas Long

Euro Fx/British PoundFXCM

Description

Was holding a bearish bias on this pair, until re-analysing this chart. The fakeout of the range play was
in fact a retest of the long term TL connecting the lower highs. The weekly candle on EURGBP is a bullish engulfing, suggesting further upside for this pair. A removal of the LH; as illustrated on the chart would warrant a long position, targeting key resistance at 0.76.
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