EURGBP scenario for bulls and bears

5 thg 5, 2016

The EURGBP made a bearish impulse and is correcting relatively strong. So depending on what's next we can determine whether to buy or sell. the next continuation.
Below bearish scenario


I personally think a leg lower first and then a possible reversal for the third leg up but time will tell and the structure will show us what to expect.

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6 thg 5, 2016

Ghi chú

We have to patient because EURGBP can easily correct in another leg higher. However short term we might see a sell confirmation for at least an intra day trade opportunity.

11 thg 5, 2016

Ghi chú

EURGBP still seems in a consolidation suggesting that we need another leg higher after a bullish break. However I'm in the short with my stop at break even because I believe there is more room to downside with the potential of a bearish break. Although structure tells me at the moment that we need another leg higher taking out 0.7946. So lets see whether we test the lower structure line first.

13 thg 5, 2016

Ghi chú

13 thg 5, 2016

Ghi chú

13 thg 5, 2016

Ghi chú

sorry wrong post. I will create a new EURGBP post