EURGBP - Long the double bottom

1 May 2020

Very clear pattern forming on 12h time-frame. Price took stops below previous bottom at 0.86821 and reversed with strong daily close.
Longing possible retrace lower would provide nice long entry.

12 May 2020

İşlem aktif

Have to say that so far this is beautiful consolidation. I would like to see strong break above 0.88638 in the next day or two.

14 May 2020

Not

Have to say that price is a bit struggling to break up, I am taking partial profit and moving stop to entry.

I don't want to see price trading below 0.88 from now on.

17 May 2020

Not

After facing initial resistance, price broke up and is heading towards our target.

29 May 2020

İşlem kapandı: hedefe ulaştı

Target reached, trade closed. Enjoy the profit!