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thedailychartist

EURGBP looking to go higher?

Long
Euro / Livre Sterling (FX:EURGBP)  
thedailychartist Mis à jour   
FX:EURGBP   Euro / Livre Sterling
Trend Analysis Chart Patterns
4
0
trendanalysis chartpattern
Possible inverted H&S confirmation indicate we may see this pair higher. Looking for a measured move per the the H&S protocol.
Commentaire:
The sideways is still strong on this one. Price action is respecting channel resistance line formed from the October low. While I think the inverted H&S formation did confirm with a bar closing above the "neckline". Some caution because the bulls aren't showing up in droves and we have a bull channel which is technically a possible bull flag in the making.
Commentaire:
* I meant "bear flag in the making" not "bull flag"

Idées en relation

thedailychartist
EURGBP nearing transition?
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