EUR/GBP REVERSAL | INVERTED H&S / DOUBLE BOTTOM
[I]NOTE: The following extends my earlier post on EUR/GBP. Please refer to it in addition to this post; attached below as a related idea.[/I]
VERDICT: Cycle low is in and forecasting movement to the upside. Targeting the 61.8% retracement level.
- Inverted H&S - Right Shoulder Forming
- Double Bottom Still Holding As The Local Low
- Targeting The 61.8% Fibonacci Retracement Level
- Macro-Economic Analysis - Further Downside Expected, Thus A Rise In EUR/GBP
VERDICT: Cycle low is in and forecasting movement to the upside. Targeting the 61.8% retracement level.
Note
Adjusted Double Bottom?
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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.