EUR/GBP
Slightly leaning towards a Bullish move here however lets break this chart down ive got some setups for both a long and short....
Monthly
Weekly
Daily
Note: Im not planning on going straight in for a buy on market open we will have to wait and see what the market gives us to work with but ideally if we could get a slight pullback to maybe the 0.73075 area there should be a good risk:reward long opportunity to come out at 0.75000
...and obviously a break of the Outer TL then ill be shorting the hell out of it ;)
Monthly
- MA's bearish
- Inner + medium TL broken
- Doji (March) Off of support + TL (3rd touch)
- Spinning Top (April)
- Rejected 0.70000
- Next major resistance at 0.77000
Weekly
- Double Bottom
- Bullish engulfing candle last week
- Failed to put in a lower low
- 0.75000 next minor resistance
Daily
- Bullish MA cross
- Broken structure
Note: Im not planning on going straight in for a buy on market open we will have to wait and see what the market gives us to work with but ideally if we could get a slight pullback to maybe the 0.73075 area there should be a good risk:reward long opportunity to come out at 0.75000
...and obviously a break of the Outer TL then ill be shorting the hell out of it ;)
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