I am currently bullish on EG. On the daily timeframe, we are flat, but as long as the support isn't broken, I am still bullish. So I am waiting to see a false break to complete the "W" pattern on the 4hr timeframe and complete the bigger W on the 8hr. Double bottoms ("W") are almost never even in the London session and that is the reason I will look for a false break. If the market breaks lower, I will not look for a sell because the current pattern right now is a reversal pattern.
Thank you and good luck.
Thank you and good luck.
Trade closed: target reached