Eur-gbp weekly

[ronnimar]

Originally Posted by Summerset

Its more than time to get on board. I already am.

On the daily Eurosterling - last week broke out of a bullish flag pattern that should take it 300 pts from 6815 --> 7115.

More interesting is that, if this trully unfolds so, the Asymmetric triangle on weekly would have been confirmed broken upwards too. Its target is 7270.

I .

0.7150 is history

[Summerset]

Hi

I believe we're looking @ 7850 now after profit taking @ 7240. (1.618 of the monthly swing shown on the chart below).

I would re-long 7180-7220 towards 7500 & 7850 coming 4-6 month.

Profitable Trading

[ronnimar]

Originally Posted by Summerset

Hi

I believe we're looking @ 7850 now
I would re-long 7180-7220 towards 7500 & 7850 coming 4-6 month.

what can we add ?

[Freshie]

Originally Posted by ronnimar

what can we add ?

where would the current retracement drop to ? after it hit near 0.7400 ?
now at 0.7348