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SLouise96

EURGBP building momentum for reversal after long consolidation

Panjang
Euro / Paun British (FX_IDC:EURGBP)  
SLouise96  
FX_IDC:EURGBP   Euro / Paun British
Trend Analysis Parallel Channel Trend Lines
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trendanalysis parallelchannel trendline
Following this long consolidation period, EURGBP has had multiple significant impulsive movements. There is still a valid bullish OB @ 0.85898 but since the FVG above has been fulfilled, it could penetrate this level and fill the FVG below. The bullish OB @85615 has yet to be retested and since it is accompanied by a significant FVG, I have every confidence that this will be the next target. I have identified a bearish parallel channel that I expect to be broken at either OB.
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