X5
Long

EUR/GBP - H4 - Long setup - ABCD pattern

X5  
FX:EURGBP   Euro Fx/British Pound
Because the lack of bearish divergence + reversal bar pattern when the price completed the harmonic pattern , and now the presence of a bull divergence, I consider that the price is going to retest resistance at 0.7900 and remains the bearish shark pattern valid.

With the help of the bullish ABCD pattern, a buy setup could be triggered if a reversal bar pattern shows up.


View on H1 chart: bull divergence is present, but no reversal bar pattern yet...

snapshot

Comment: Bearish Shark pattern back in play. Beacuse the lack of bear divergence, the price could continue up a little bit more. Short position will come soon...

snapshot
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