Wait for a buy setup with EURGBP
H4 time frame.
The short-term downtrend structure was broken when the price increased strongly and formed a symmetrical triangle consolidation pattern on the key level.
Price just broke out of this triangle consolidation pattern. Here, you can wait for a buy setup with a 1-hour time frame to trigger.
The profit target is the old resistance zone at 0.86600.
-----------------------------------------------------------------------------------------------
Wish you all have a good trading day!
The short-term downtrend structure was broken when the price increased strongly and formed a symmetrical triangle consolidation pattern on the key level.
Price just broke out of this triangle consolidation pattern. Here, you can wait for a buy setup with a 1-hour time frame to trigger.
The profit target is the old resistance zone at 0.86600.
-----------------------------------------------------------------------------------------------
Wish you all have a good trading day!
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.