EUR/GBP

2 พ.ค. 2015

Slightly leaning towards a Bullish move here however lets break this chart down ive got some setups for both a long and short....

Monthly

• MA's bearish
  

• Inner + medium TL broken
  

• Doji (March) Off of support + TL (3rd touch)
  

• Spinning Top (April)
  

• Rejected 0.70000
  

• Next major resistance at 0.77000
  

Weekly

• Double Bottom
  

• Bullish engulfing candle last week
  

• Failed to put in a lower low
  

• 0.75000 next minor resistance
  

Daily

• Bullish MA cross
  

• Broken structure
  

Note: Im not planning on going straight in for a buy on market open we will have to wait and see what the market gives us to work with but ideally if we could get a slight pullback to maybe the 0.73075 area there should be a good risk:reward long opportunity to come out at 0.75000

...and obviously a break of the Outer TL then ill be shorting the hell out of it ;)