INotFancy

My thoughts on this pair

OANDA:EURGBP   Euro / İngiliz Sterlini
Looks like an incomplete flat, which is why it might go up and test/break the top, before it's continues the bigger downtrend. This would complete a bigger corrective structure, and raise the probability for the start of a bigger downtrend. This is strictly wave-analysis, I will use MACD-momentum aswell, to look for divergence, which also can indicate whether a trend is dying out or not, and which direction the price-action might go.

So all in all, I would say to look for a short-term buy-setup and then a long-term sell-setup.

Feragatname

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