LONG opportunity with a pattern, oversold and bullish divergence
Hi guys, we got a LONG opportunity here on the EURGBP. We got two potential bullish Patterns. Market is at the oversold and a presence of a bullish divergence.
Aggressive can go and enter LONG on the pattern completion. While for conservative can wait for a BO of the upper trendline. Stops would be below the X point of the Cypher Structure or at the 0.84600 (psychological number) with a good 1:1 RR on the Shark entry point.
Bull Shark Pattern (88.60%): 0.8497
Bull Cypher Pattern: 0.8492
TP1: 0.8533
TP2: 0.8555
Aggressive can go and enter LONG on the pattern completion. While for conservative can wait for a BO of the upper trendline. Stops would be below the X point of the Cypher Structure or at the 0.84600 (psychological number) with a good 1:1 RR on the Shark entry point.
Bull Shark Pattern (88.60%): 0.8497
Bull Cypher Pattern: 0.8492
TP1: 0.8533
TP2: 0.8555
Trade closed: stop reached:
looking more of the alt-shark 113%
