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jojofang0901

EURGBP Ready For More Up Side ?

Panjang
Euro / Paun British (OANDA:EURGBP)  
jojofang0901  
OANDA:EURGBP   Euro / Paun British
Chart Patterns Parallel Channel Flag priceaction structure pattern impulse correction
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chartpattern parallelchannel flagpattern priceaction structure pattern impulse correction


Hello traders:

Also eyeing EURGBP for the bullish reversal price action.

We can see from the higher time frame, after the big impulse phase up, price falls into an expanding structure, correcting the price.
snapshot

We then see a large, descending channel, move the price down correctively to a double bottoms, and bottom of expanding structure.

Latest development shows a strong bullish impulse phase from the lower time frame, good signs of bullish momentum

To confirm more upside, price needs to consolidate and form into continuation correction before giving us the confirmation to enter for more upside.

Thank you
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