Trade Idea: Bullish Reversal
EURGBP reversed from the final support level from the bearish channel, spanning back to early December. Now price is surging from the extreme level. With Brexit still two days away, there's more than enough time for the market to swing sharply before the vote on Thursday.
Trade Set-ups:
Scenario One: Price continues its surge to the to the upside.
Scenario Two: Price pulls back to rest another support level before a full on reversal occurs.
EURGBP reversed from the final support level from the bearish channel, spanning back to early December. Now price is surging from the extreme level. With Brexit still two days away, there's more than enough time for the market to swing sharply before the vote on Thursday.
Trade Set-ups:
Scenario One: Price continues its surge to the to the upside.
Scenario Two: Price pulls back to rest another support level before a full on reversal occurs.