I see EURGBP moving to the upside, this is because there are many signals telling me that this move will happen. Firstly from the Fibonacci we can see that price has bounced into the region between 71% and 78.6% and shot right back up and formed a Tweezer bottom. My entry would be when London Session Opens on Monday. TP will be set at 0.91667 and SL will be set at...
From the Charts, we can see a perfect Fibonacci play with this pair. Looking at this pair we can see that latest the previous day's candle closed around the 78.6% region of the fib, then the following day bounced back down and closed below the 61.80% region. As we can see price also failed to cleanly break and continue the monthly region of 1.80000. From the...