EURGBP - Long the double bottom
Updated
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.
Longing possible retrace lower would provide nice long entry.
Trade active
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.Note
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.
Note
After facing initial resistance, price broke up and is heading towards our target.Trade closed: target reached
Target reached, trade closed. Enjoy the profit!
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