Activemitch7

EURGBP potential triple bottom forming

Long
FX:EURGBP   Euro / Livre Sterling
There Is a possibility that a triple bottom could be forming, the swing lows of this triple bottom are around the 0.8882 point. we could potentially see the price dip below my resistance therefore making this triple bottom invalid, on the other hand if price rises I would look to enter a short term long at around 0.892 and would look to take profit at around 0.899 which would give me a 70 pip profit, stop loss would be at the swing low of the triple bottom roughly making the risk to reward on this trade at 1:2.
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