EURGBP Rising wedge formation & RSI Divergence
Updated
Monitoring the EURGBP pair we have identified an RSI divergence on the Hourly chart.
We anticipate to see a retest of the 0.84260's level after the false break out (see market conditions) followed by a break-out of the rising wedge formation with even bigger profits.
Profits and stop losses are set according to previous structure supports with the latter being fair to balance our RRR.
Since we all sometimes live in our own bubble, all feedback and comments are highly appreciated.
We anticipate to see a retest of the 0.84260's level after the false break out (see market conditions) followed by a break-out of the rising wedge formation with even bigger profits.
Profits and stop losses are set according to previous structure supports with the latter being fair to balance our RRR.
Since we all sometimes live in our own bubble, all feedback and comments are highly appreciated.
Comment
Same indications on Daily chart tooTrade closed: stop reached
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