Possible reversal on EURGBP
Updated
As we can see that EURGBP has pushed right down and just reached a major level of structure on the Daily chart where this pair has reacted historically and acted as a strong support and resistance on several occasions. It has also created a double bottom on 4h chart which is a bonus. I'm expecting a strong bullish reversal anytime soon on this pair. Initial tp will be around the first resistance level and if broken I'll be looking to take multiple targets.
Good luck and trade safe!
Good luck and trade safe!
Trade closed manually
Trade closed manually at break even.
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