FullTimeTrader

EURGBP-could start a rally soon-big bat still in play

Viés de alta
FX:EURGBP   Euro / Libra Esterlina
27
The EUR is weak these days but according to this analysis this pair could start a rally very soon.
First, we have a monthly bullish bat still in play. Targets are not reached yet
Looking a D1 chart price is bouncing from my prefered EMA 55 and strong structure:
Here on H4 chart:

- AB=CD pattern (green)
- price bouncing from base channel (this channel usually is support for wave 4)
- perfect bullish butterfly visible better on H1 chart(see below)


Ideal SL and Targets are shown on chart.

Regards

Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.