EUR/GBP: CORRECTION WAVES, REVERSAL STRUCTURE

The ABCDE consolidated correction pattern has been complete as I believe there would be a reversal occurring. Due to the trend breaking ascending support leg it has bounced off to make the D point which has been shorted towards point E. This maybe the time for lower highs to be made as EUR/GBP is settled in lower structure and is at the stage of a higher demand.

Opening point: 0.83578
Target point: 85408
Exit point: 0.83

Trade closed: target reached:

Great amount of pips (170) was expecting a reverse 30 pips off tp closing time: 0.85100