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#3259
RS2OOO
Keymaster

Alf,

This was from my original forum post suggesting a long term short entry at this triangle back test targeting the line at 0.7030:

For me, that target still stands:

EUR GBP Quarterly target 28th Feb 2015 photo EUR GBP Quarterly target 28th Feb 2015_zpsmsuasqli.png

However as you can see from the Daily chart price is currently bang on the 61.8% fib from the all time low to the all time high. Maybe this is where a bottoming out process will begin.

Maybe if the 0.7030 long term target is achieved we could go long for a bounce to retest the underside of this fib level depending on whether its even recognised by the market.

EUR GBP Daily 28th Feb 2015 photo EUR GBP Daily 28th Feb 2015_zpsi7j9gtxp.png

  • This reply was modified 6 years, 1 month ago by RS2OOO.