EURGBP currently retracement on the daily trendline which is also a very important supply-demand shifter channel zone.
But the current reaction is not strong enough as you can see, we will observe on 4h time frame movement in the wedge.
We expect to see stop hunting and third upside moment then may give us some bearish signal.
After that, we can adjust our risk-reward ratio and pull the trigger.
Our targets would-be around 0,84820 and 0,83995
Good Luck!
If you have any other opinion about EURGBP, let me know in the comment section below.
If you enjoy this free analysis, hit the thumbs up button and don't forget to follow!
May we meet again.
-mecZpasha
But the current reaction is not strong enough as you can see, we will observe on 4h time frame movement in the wedge.
We expect to see stop hunting and third upside moment then may give us some bearish signal.
After that, we can adjust our risk-reward ratio and pull the trigger.
Our targets would-be around 0,84820 and 0,83995
Good Luck!
If you have any other opinion about EURGBP, let me know in the comment section below.
If you enjoy this free analysis, hit the thumbs up button and don't forget to follow!
May we meet again.
-mecZpasha