Anthony_Wong

Mutual confirmation part two

FX:EURGBP   Euro / British Pound
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We talked about GBP in the last article. In fact, after careful analysis, we found that EURGBP and GBPUSD are at the key point. EURGBP , like the point we gave before, has gone through a textbook-like Wolf Wave . Well, let's look back, when the price fell from 0.931 to 0.911, there was a shape at this time. Shark form is bullish , and the price is also at the first entry point of 0.886. The entry signal is also given on 4H, but unfortunately the price does not continue to go up. After breaking down, the price comes to 0.90400. Please note that here is 1.13 of shark form and also the contact point of the trend line . The upward trend on the daily chart is still positive. Yes, we have reason to believe that prices will stabilize and rise here.
But there is also a point of view that the price entity closed below 0.91, and the price was short after withdrawal. Whether such a contradictory point of view would put you in a dilemma, and how would you make decisions at this time, you are welcome to leave your views.
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