EURGBP-a nice example of exaggerated divergence

FX:EURGBP   Euro / British Pound
480 12 4
This idea is based on D1 chart:

We have a classical bullish exaggerated divergence on main pivot point .

Looking at H4 chart the price is already reacting to the zone. We see an AB=CD pattern also.
This could be the beginning of a rally towards last highs.

best regards
i see EURGBP 8h bullish engulfing,
I want see long here!

hello, a candle pattern is not enough to enter a trade, we must have many reasons. We must first take a look a higher timeframes also, i see a double top, the price is now bouncing from the base
DouglasHarrison FullTimeTrader
Yes I agree, it is also at the 50 % Fib, still it is not enough. ""What is the dollar doing. "" We should also look at the dollar. "" Then what is the sentiment. So yes I agree with you. We should watch for a trend to form. " No trend , No idea which way."
nappenbir FullTimeTrader
ok i waiting daily light!
and i see also monthly is Doji and RSI is buying!!