The ABCDE consolidated correction pattern has been complete as I believe there would be a reversal occurring. Due to the trend breaking ascending support leg it has bounced off to make the D point which has been shorted towards point E. This maybe the time for lower highs to be made as EUR/GBP is settled in lower structure and is at the stage of a higher demand.
Opening point: 0.83578
Target point: 85408
Exit point: 0.83
Opening point: 0.83578
Target point: 85408
Exit point: 0.83
Trade closed: target reached
Great amount of pips (170) was expecting a reverse 30 pips off tp closing time: 0.85100
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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.