The EURGBP has always been a horrible-looking chart in my opinion but in this specific instance, the tendency for it to consolidate & provide choppy movement may work in our favor. After a slow shuffle down to a level of previous structure support, price action has now given us a multiple leg potential pullback. If price were to continue pushing higher to the previous level of structure resistance then we would also have a bearish Gartley pattern which would provide an opportunity for a short-term sell.
As always, if you have any questions, comments, or just want to share your ideas. Feel free to do som below.
Wishing you a great weekend. - Akil
As always, if you have any questions, comments, or just want to share your ideas. Feel free to do som below.
Wishing you a great weekend. - Akil
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