EURGBP EXPANDING TRIANGLE PATTERN

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Euro / Libra Esterlina (FX:EURGBP)

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FX:EURGBP Euro / Libra Esterlina

chartpattern triangle expandingtriangle tradechartpatternslikethepros

Hello Traders,

Today, we're focusing on EUR/GBP. I'm thrilled to share this analysis, especially since I don't often publish such insights.

Let this be the inaugural one.

On its daily chart, EUR/GBP is navigating through the 5th wave within an expanding triangle.

Recent price movements hint at a potential reversal, underscored by the formation of a price action reversal pattern trap. Based on today's candlestick patterns, the price has surpassed the last two bars, signaling bullish momentum.

For those considering entry, stops can be strategically positioned below today's daily candle, aiming for targets along the upper trend line.

This setup is straightforward and easy to follow.

Don't forget to like and follow to ensure you don't miss out on trading opportunities like this one.

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