EURGBP - Long the double bottom

1 mai 2020

Very clear pattern forming on 12h time-frame. Price took stops below previous bottom at 0.86821 and reversed with strong daily close.
Longing possible retrace lower would provide nice long entry.

12 mai 2020

Transaction en cours

Have to say that so far this is beautiful consolidation. I would like to see strong break above 0.88638 in the next day or two.

14 mai 2020

Note

Have to say that price is a bit struggling to break up, I am taking partial profit and moving stop to entry.

I don't want to see price trading below 0.88 from now on.

17 mai 2020

Note

After facing initial resistance, price broke up and is heading towards our target.

29 mai 2020

Trade fermée: cible de profit atteinte

Target reached, trade closed. Enjoy the profit!