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Euro / British Pound
Long

EUR/GBP REVERSAL CONFIRMED?

104
  • Key resistance broken indicating potential S/R inversion
  • Double bottom formation solidified. Looking to retest neck-line for further confirmation
  • Short-term bullish until the 61.8 level is hit. After this, we shall wait until we see signs of exhaustion or a reversal


VERDICT: Take calculated long positions to the 0.618 and do not fight the trend until evidence presents itself otherwise.
JayanVarsani
Also on:
Chart PatternsdollarEURGBPeuroEURUSDForexfxGBPUSDpoundreversalTrend Analysis

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chart PatternsdollarEURGBPeuroEURUSDForexfxGBPUSDpoundreversalTrend Analysis
JayanVarsani
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.