Crucial area for EURGBP - Who'll win Bulls or Bears?
EURGBP is at a pivotal area at the moment!
A few notes;
- Potential double bottom on weekly TF;
- Weekly price also indicate potential for massive bullish movement should price break past the yellow range box;
- Currently the price action is at the meeting of a multiple TL's, whilst also being potentially capped by 0.618 fib retracement and the 200 EMA;
At this point is could go either way all indicators at pretty much 50/50
Keeping a close key on the way this goes.
Let's see how this pans out! Would love any feedback ;)
Happy trading folks - G5B_FX
A few notes;
- Potential double bottom on weekly TF;
- Weekly price also indicate potential for massive bullish movement should price break past the yellow range box;
- Currently the price action is at the meeting of a multiple TL's, whilst also being potentially capped by 0.618 fib retracement and the 200 EMA;
At this point is could go either way all indicators at pretty much 50/50
Keeping a close key on the way this goes.
Let's see how this pans out! Would love any feedback ;)
Happy trading folks - G5B_FX
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