W Bullish Reversal Pattern on EURGBP
The EURGBP has formed a double bottom of sorts, which is looking to be a W bullish reversal pattern. This structure implies that the pair's down-trend may have bottomed, and as such, a break of the A-E line is for us the confirmation of the new bull trend on EURGBP.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.