RSquaredXD

EURGBP potential long

Long
OANDA:EURGBP   Euro / Livre Sterling
Based on my analysis we can see that from a daily perspective we have tested the 0.786 fibonacci level. Should the price action in the coming days break above the blue resistance zone which the market has been stronglyattracted to, we could potentially see a break to the upside. From a weekly perspective we have created a candle with a very long wick on the top which the market tends to fill. So if we get a weekly close with such a candle shape we can expect next week to be potentially bullish. However, if the market fails to break this resistance zone, my setup will prove invalid. Thank you for viewing. Please Comment your thoughts on this below.
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