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Looking to Long EURGBP on Probable Double Bottom

Panjang
Euro / Paun British (FX:EURGBP)  
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FX:EURGBP   Euro / Paun British
Trend Analysis Chart Patterns EURGBP brexit euro pound BOE ratedecision Double Bottom analysis currency
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trendanalysis chartpattern eurgbp brexit euro pound boe ratedecision doublebottom analysis currency
Overall uptrend on D1 TF. Looking to long if retest at 0.8744. ISL: 0.8724 (20pips), FTP: .9091 (Fibo R 61.8)

Thursday BoE rate decision will see a volatilty in pound. GBPUSD will see a obvious down or up trend.
If there is a rate hike, EURGBP will break below 0.8744 and this analysis will be invalid.
If is a surprise unchanged rate decision, euro will rebound and strengthen against pound

The reward to risk for this analysis is 17: 1
Komen:
If D1 candle close below I will look for short opportunity bc of descending triangle pattern
Komen:
D1 candle closed above 0.8744. waiting for retest or HH and HL to long
Komen:
Looking to long at Fibo 61.8. FTP is abcd pattern
Penafian

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