quakefiend

EURGBP falling wedge with confluence

Long
FX:EURGBP   Euro / Livre Sterling
5
I'm hoping to see a drop from here to .81841, which could become strong support due to the confluence between the lower trend line and the .886 fib level from the previous up swing to .84. 81841 could also be a double bottom and early reversal in the wedge before the breakout. Then, I'm hoping for price to reach for .83600 for another potential reversal zone.

*EDIT* just noticed some BURLY bullish divergence on the MACD and RSI. Check out the lows on 3/28, 4/16, and 4/22. This thing is ready to pop!
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.