Euro / Libra EsterlinaViés de alta
EUR/GBP: get ready for the upcoming bullish run!
Taking a look at higher-timeframe charts of EURGBP, the following scenario can be observed: formation of an Inverse H&S pattern on a crucial area of support. This indicated that the price is attempting to reverse to the upside.
Narrowing down to lower-timeframe graphs, we may see that the price has been unsuccessful in its attempts to push higher from the current state due to low liquidity. Hence, we are expecting for the price to re-touch the zone highlighted on the graphic and give us more confirmations by forming a LTF Double Bottom before launching to the upside. With the Stop Loss below the right shoulder, the 0.882 - 0.883 level of resistance will be targeted once long positions are executed.
Narrowing down to lower-timeframe graphs, we may see that the price has been unsuccessful in its attempts to push higher from the current state due to low liquidity. Hence, we are expecting for the price to re-touch the zone highlighted on the graphic and give us more confirmations by forming a LTF Double Bottom before launching to the upside. With the Stop Loss below the right shoulder, the 0.882 - 0.883 level of resistance will be targeted once long positions are executed.
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