Hello guys,
I haven't been doing any EURGBP for a very long time because I didn't see any good point to take a position on it. I am pretty sure the market is currently bearrish, but because the bear market already began and is now half way there, I prefer to way for the long setup.
I will long at 0.83600 because I have a few pattern that complete at this exact level. First of all we have an ABCD PATTERN and AB=CD in a really short area + an BAT PATTERN. When you also take a quick look on the WEEKLY TIMEFRAME, with the bollinger band, you can see the lower channel at this exact level also.
Its more than enough for me to give me a long signal!
Trade with care,
PC
I haven't been doing any EURGBP for a very long time because I didn't see any good point to take a position on it. I am pretty sure the market is currently bearrish, but because the bear market already began and is now half way there, I prefer to way for the long setup.
I will long at 0.83600 because I have a few pattern that complete at this exact level. First of all we have an ABCD PATTERN and AB=CD in a really short area + an BAT PATTERN. When you also take a quick look on the WEEKLY TIMEFRAME, with the bollinger band, you can see the lower channel at this exact level also.
Its more than enough for me to give me a long signal!
Trade with care,
PC