EURGBP-could start a rally soon-big bat still in play
The EUR is weak these days but according to this analysis this pair could start a rally very soon.
First, we have a monthly bullish bat still in play. Targets are not reached yet
Looking a D1 chart price is bouncing from my prefered EMA 55 and strong structure:
Here on H4 chart:
- AB=CD pattern (green)
- price bouncing from base channel (this channel usually is support for wave 4)
- perfect bullish butterfly visible better on H1 chart(see below)
Ideal SL and Targets are shown on chart.
Regards
First, we have a monthly bullish bat still in play. Targets are not reached yet
Looking a D1 chart price is bouncing from my prefered EMA 55 and strong structure:
Here on H4 chart:
- AB=CD pattern (green)
- price bouncing from base channel (this channel usually is support for wave 4)
- perfect bullish butterfly visible better on H1 chart(see below)
Ideal SL and Targets are shown on chart.
Regards
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.