ABDOLLAR_FX

EURGBP in a triangle pattern

Panjang
FX:EURGBP   Euro / Paun British
What we can see here is a corrective pattern forming after the complete move of 1-2-3-4-5 impulse.

The correction pattern that is playing out is a triangle, and as wee can see , the A, B and C of the pattern has been fully formed, each is a zig zag,,, so we are left with two options, either wave D and E of the triangle pattern has been complete so we are buying for new impulse, or we are currently buying the second zigzag leg of wave D which will be followed buy a wave E then the resumption of the bullish impulse.
Regardless of the 2 options we can deduce a buy signal with an invalidation level below wave C low.

To get precise entry price, SL and TP for all our trade signals and analysis join my telegram channel 👉 t.me/forexhub_channel 🚀🚀🚀

You cna always chat me up directly t.me/abdollar_fx
Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.