We have identified a bullish setup in EUR/GBP, characterized by the following:
ABCD Pattern: EUR/GBP has formed a bullish reversal ABCD pattern and reversed from the Potential Reversal Zone (PRZ). Higher Highs and Higher Lows: The pair is currently forming Higher Highs (HH) and Higher Lows (HL), indicating a strong uptrend. Bullish Divergence: Confirming the bullish sentiment. Entry Point:
Buy: At the current market price (CMP) Target Prices (TP):
TP 1: [Specify target price based on technical analysis] TP 2: [Specify target price based on technical analysis] Stop Loss (SL):
SL: [Specify stop loss based on recent low or technical level] to manage risk Trade Summary:
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.