Looking to Long EURGBP on Probable Double Bottom
Overall uptrend on D1 TF. Looking to long if retest at 0.8744. ISL: 0.8724 (20pips), FTP: .9091 (Fibo R 61.8)
Thursday BoE rate decision will see a volatilty in pound. GBPUSD will see a obvious down or up trend.
If there is a rate hike, EURGBP will break below 0.8744 and this analysis will be invalid.
If is a surprise unchanged rate decision, euro will rebound and strengthen against pound
The reward to risk for this analysis is 17: 1
Thursday BoE rate decision will see a volatilty in pound. GBPUSD will see a obvious down or up trend.
If there is a rate hike, EURGBP will break below 0.8744 and this analysis will be invalid.
If is a surprise unchanged rate decision, euro will rebound and strengthen against pound
The reward to risk for this analysis is 17: 1
Komentarz:
If D1 candle close below I will look for short opportunity bc of descending triangle pattern
Komentarz:
D1 candle closed above 0.8744. waiting for retest or HH and HL to long
Komentarz:
Looking to long at Fibo 61.8. FTP is abcd pattern