BUY EURGBP CORRECTIVE PHASE.
As You can see we touched a crucial level on Friday, the 61.8 of the previous up impulse we saw. Technical indicators are oversold coupled with price at the bottom of its descending channel. Expecting a nice little corrective bounce before bears take control again.
Targets are shown with blue lines.
SL : 75-100 Pips
SIMPLE IS BETTER.
Im Buying USDMXN AT THESE CURRENT LEVELS
AND IM LOOKING TO BUY THIS PAIR AGAIN ONCE IT TOUCHES 19.20-19.23 For a good swing target of 19.60-19.80.
Fundamentals does not favour EM right now and this should benefit the bullish bias.
SL : 19.10
Scenario A : Bullish Case : If zone blue holds,theres honestly not much keeping this pair from testing 1,20 in the coming weeks/months as long as we can get hold and get past that clustered area.
Scenario B : If zone yellow breaks and invalidates the ascending channel which has been in place since it initially provided a floor for the CHF flash crash of 2015,...