EurGbp: Immediately Bearish But Still Bullish Overall

FX:EURGBP   欧元/英镑
58 2
Comments on the chart
评论: Price fell today but recovered towards the close. Idea is still in play for some downside followed by upside
评论: lots of hesitation candles at the top channel. Could still go either way but I am still looking lower
评论: Price closed lower on this weekly chart. Lots of upper wicks on candles at the resistance area
评论: This idea has half failed. I was looking for some downside at least towards to middle of the channel for a wave e. Price retraced a bit - a tiny bit - but has now broken out to the upside. So the downside expectation was wrong but the eventual breakout was right. Price should continue upwards. I lost money on the downside expectation part
评论: idea closed. I am not good at chasing price. Will put up another idea if I am doing anything in this pair
Daily is insanely bullish...I think we have a monster rally in the Euro, in all pairs...check out my $EURUSD, $EURNZD posts...what do you think of the dollar? Looks like a massive dollar downtrend.
Olu IvanLabrie
@IvanLabrie, I agree with you on the $ bearishness and the euro bullishness. The fall in the eurgbp today might just be the other of all long entries
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