EURGBP-could start a rally soon-big bat still in play
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
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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.