It seems that the anticipated wave C lower is in progress and we could sell the break after a consolidation on lower time frames. However the impulse on 4 hr was and after this consolidation on 4 hr I like to watch for the break and BUY EURGBP .
My long term view see below:
Nevertheless we were looking for a bullish break and therefore I entered long at the continuation higher. My stop-loss is at BE and I expect at least a new high.
If we won't see a new high this most likely turns into a more complex corrective pattern where the lower levels will be tested after all.