EURGBP FOREX PAIR 1H TIME FRAME DAT 7/26/2024
I am planning to increase my buy positions within 50% of the current range that has recently formed. I anticipate a potential breakout to the upside and a subsequent markup phase, making additional buys more sensible under the current conditions. Alternatively, if you prefer a swing trading approach, it may be prudent to wait for a more definitive sell signal.
Short-term, we have entered a correction phase for EUR/GBP. Invalidation points are minor at this stage. The target for leg A is the point of control. Moving forward, we should monitor sentiment, fundamentals, and COT data to refine our strategy and gain a better edge
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