Looking at a possible head and shoulders set up, take entry around the peak of the possible left shoulder in a liquidity spike, risk slightly above the peak to allow some volatility, then target previous low
FOREXCOM:EURGBP Definitely a clear head & shoulder pattern. We do have a clear & solid support uptrend line. Typically in this situation, we will see it fall for sure, which we can confirm with the downtrend showing in the RSI, but with such a solid support trend, I expect the price to fall to the lower price support zone, consolidate a short time round the...
Short and steep climb at least to $123 by Friday and if it keeps going easily $130 next week
Not investment advice, just what I think I see... Testing the bottom with a lot of buyer pressure, buyers will be picking up momentum Fri-Next Week. Most likely the smart investors will wait for 200-205 to get in and then we may see a break out long.