Potential triple-bottom in EURGBP

ProFXTrader

Junior member
23 2
Trade set-ups for 05/15/2015

EURGBP1-5-15.png

Currency Pair: EURGBP
Closing Price: 0.7226
Entry Order: BUY stop @ 0.7245
Stop loss: 0.7207
Take profit: 0.7357

Analysis: This pair has formed a potential triple-bottom price pattern. Yesterday we had a large key reversal. Penetration above today's NR4 (narrowest range in previous 4 trading sessions) should see good follow-through.
 
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