FLAG PATTERN FORMED ON H1 EURGBP
After Uk minister speech yesterday 17th of JAN. we saw a massive strenght on the GBP. The biggest rise since 2009.
We have seen a lot of volatily and after a 38% retracement, and a flag being formed, we can short the EURGBP with a great risk reward.
This Take Profit is short term, but it can be bigger if analizing the daily chart.
The cross of the 50 Moving Average with the 200 one, has given me the confirmation I needed to see that the B has finished and a C leg is soon going to start.
We have seen a lot of volatily and after a 38% retracement, and a flag being formed, we can short the EURGBP with a great risk reward.
This Take Profit is short term, but it can be bigger if analizing the daily chart.
The cross of the 50 Moving Average with the 200 one, has given me the confirmation I needed to see that the B has finished and a C leg is soon going to start.
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