Was holding a bearish bias on this pair, until re-analysing this chart. The fakeout of the range play was
in fact a retest of the long term TL connecting the lower highs. The weekly candle on EURGBP is a bullish engulfing, suggesting further upside for this pair. A removal of the LH; as illustrated on the chart would warrant a long position, targeting key resistance at 0.76.
in fact a retest of the long term TL connecting the lower highs. The weekly candle on EURGBP is a bullish engulfing, suggesting further upside for this pair. A removal of the LH; as illustrated on the chart would warrant a long position, targeting key resistance at 0.76.
