BarkerCR

LONG on EURGBP DAILY [CUP AND HANDLE?]

Long
FX:EURGBP   Euro / British Pound
It looks like there's a cup and handle pattern forming on the daily EURGBP. The inside day candle from Jan 20 indicates to me some indecision that could result in a big break out. I'm going long on this from the next candle, with a tight stop under the handle lows. For a more conservative entry, it might be a good idea to try entering if the resistance level at the top of the cup gets broken.

These are only my opinions. Comments, questions and suggestions are very welcome!

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.