EURGBP pay attention to this breakout structure
Updated
Hi everyone:
EURGBP worked out beautifully as price made another up to the upside, and strong bearish impulse down.
This validates my analysis of structure and pattern movement.
Now we see the price is in a correction structure, just above this larger higher time frame channel structure.
This would be a high probability setup if we see a completion of the structure and we can go down to the recent lows.
I would wait for correction to finished and go down to lower time frame for potential entries.
Thank you
EURGBP worked out beautifully as price made another up to the upside, and strong bearish impulse down.
This validates my analysis of structure and pattern movement.
Now we see the price is in a correction structure, just above this larger higher time frame channel structure.
This would be a high probability setup if we see a completion of the structure and we can go down to the recent lows.
I would wait for correction to finished and go down to lower time frame for potential entries.
Thank you
Note
Note
price is forming a more complicated structure, but I am still looking for downside. Waiting for completion of a Head and Shoulder, as well as this continuation correction.Note
Sorry, wrong screenshot from last post. Here is EURGBPNote
Note
Price formed more continuation structure.
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