UsmanFarouk

EURGBP is likely for bullish reversal on 15m, 1H and 4H TFs

Long
FX:EURGBP   Euro / Livre Sterling
EURGBP was previously in downtrend printing LHs and LLs. However, it has recently printed a bullish divergence on RSI on 15m, 1H and 4H timeframes. Moreover, right now, the market sentiments also support my long bias with 91% traders are observed bearing long positions.
Moreover, the charts are also printing a falling wedge pattern that also supports my bullish bias. Taking a lead from all of the aforementioned factors, I have established a long position on break out of pattern, as mentioned on the chart in blue with RRR=1. SL and TP have been marked on chart.
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