EUR/GBP REVERSAL | INVERTED H&S / DOUBLE BOTTOM
[I]NOTE: The following extends my earlier post on EUR/GBP. Please refer to it in addition to this post; attached below as a related idea.[/I]
VERDICT: Cycle low is in and forecasting movement to the upside. Targeting the 61.8% retracement level.
- Inverted H&S - Right Shoulder Forming
- Double Bottom Still Holding As The Local Low
- Targeting The 61.8% Fibonacci Retracement Level
- Macro-Economic Analysis - Further Downside Expected, Thus A Rise In EUR/GBP
VERDICT: Cycle low is in and forecasting movement to the upside. Targeting the 61.8% retracement level.
註釋
Adjusted Double Bottom?
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