Mikoxl.

EURGBP ready to consolidate?

FX:EURGBP   Euro Fx/British Pound
130 1 2
I like to trade harmonic patterns on the EURGBP             on the 1H/4H,
but recent months have been very difficult as you can see the pair was trending. Not many opportunities..

Now to me it appears the pair is heading to a consolidation zone, a previous range of between 0.7096 and 0.6415.
I might be wrong on this zone. What do you think?

I think that in that zone lies more opportunities for countertrading and pattern trading..
Mikoxl. PRO
2 years ago
Well, it consolidated for two months now..
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