Euro Directive

Good Afternoon Dynamic Traders!

This mornings watch list scan screeched out the EUR GBP cross.

The note on 3 February suggested a 'gestation' period, which may shortly be due for a delivery.

A market opportunity to hitch that 'cable car ride' is within view, but we are required to perceive its course.

Below is the daily chart for the same.

The extended trend is uphill.

The chart pattern boasts a bullish flag, which may be inclined to oblige given the recent appreciation displayed by the weighty fib breather level.


EURGBP daily chart Advanced Get

However, we are witnessing a cluster of resistances on two significant time frames.

A sturdy horizontal and our value index beacon (exposed on the 4 hour chart below), compounded by the steadfast zero compels us to wait in the wings for a definitive directive.

Although in favour of "buying the dip", I will wait patiently for the 'nod' from the market.

You may have noticed that our mentor, Javid, has also added to this cluster by "twittering" this cross earlier today.


EURGBP 4 hour chart Advanced Get

Supervised Trading!

Saba Jackson!