X5

EUR/GBP W1 - Bearish Bat projection emerge

X5  
FX:EURGBP   Euro Fx/British Pound
Price in direction to the downtrend top channel, a bearish bat projection emerge but has still room to go higher. Invalidation of this pattern will give place for a Bearish B-Fly pattern projection.

Meanwhile, looks good for long trades in lower TF’s. Keep an eye on the bearish divergence.

Note: Red lines correspond to a Bearish ABCD pattern on M1             chart.
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