Looking to Long EURGBP on Probable Double Bottom

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Overall uptrend on D1 TF. Looking to long if retest at 0.8744. ISL: 0.8724 (20pips), FTP: .9091 (Fibo R 61.8)

Thursday BoE rate decision will see a volatilty in pound. GBPUSD will see a obvious down or up trend.
If there is a rate hike, EURGBP will break below 0.8744 and this analysis will be invalid.
If is a surprise unchanged rate decision, euro will rebound and strengthen against pound

The reward to risk for this analysis is 17: 1
Bình luận
If D1 candle close below I will look for short opportunity bc of descending triangle pattern
Bình luận
D1 candle closed above 0.8744. waiting for retest or HH and HL to long
Bình luận
Looking to long at Fibo 61.8. FTP is abcd pattern
analysisBOEbrexitChart PatternscurrencyDouble BottomEURGBPeuropoundratedecisionTrend Analysis

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