Break of consolidation potential long opportunity
Updated
EURGBP Break of consolidation on the daily, retracement back into this consolidation currently at a smaller structure level which stops can be placed below but we are currently within a much bigger kill zone. At this level there is a descending channel that has been violated to the high side and is currently retracing back into the channel with a double bottom also at this level which was oversold on the initial test with divergence on the second test. Comment
With Brexit news caution is advised
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.