EURGBP Bottom of structure, watch for reversal
hello traders;
EURGBP is at the bottom of the higher time frame structure, and there could be opportunity of a bullish reversal.
We can see price has mostly been correcting within the larger HTF descending structure.
Every time when price hits the bottom, if there's reversal correction on the lower time frame,
we do indeed see the bullish reversal impulse phase, pushing the price higher.
This time is no exception, as we can there is some consolidation again at the bottom,
what we can wait for is the price commit to the upside with a impulse up, follow by continuation to confirm the next bullish reversal up move.
thank you
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