EURGBP-could start a rally soon-big bat still in play

FX:EURGBP   Euro / British Pound
1185 8 27
The EUR is weak these days but according to this analysis this pair could start a rally very soon.
First, we have a monthly bullish bat still in play. Targets are not reached yet
Looking a D1 chart price is bouncing from my prefered EMA 55 and strong structure:
Here on H4 chart:

- AB=CD pattern (green)
- price bouncing from base channel (this channel usually is support for wave 4)
- perfect bullish butterfly visible better on H1 chart(see below)

Ideal SL and Targets are shown on chart.

1st target done and trade closed
Nice Chart Man !
Thank You !

i like your analysis ! keep it on
Huge bat, I like the small bat+ab=cd.
Might be a good one.
FullTimeTrader IvanLabrie
Im not trading the monthly chart, its just to remind that minimum target for the bat are not reached yet and we should consider that to find an entry point on lower timeframes. I remind this bullish butterfly on EURUSD i published some months ago, i see now hows targets are being reached, at that time seemed impossible, amazing even for me
IvanLabrie FullTimeTrader
Really nice.
It's a good idea to monitor these larger timeframe developments for sure.
Thanks for the charts
gud idea sir
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out