Hello traders!
⁉️This is my analysis on EURGBP .
Here we are in a bullish market structure, so I am looking only for longs. I expect price to continue the retracement to fill the imbalance below and then to reject from bullish orderblock + institutional mid figure 0.87500.
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Good Day Everyone
Here's an idea on the EURGBP pair, the ascending channel holds and we are still trading inside the structure on the pair, more aggressive traders can go long on the correction to the down side but looking for significant move to the upside on the pair a retest of support level 0.90605 will signal this move to the upside for now waiting for this...
EURGBP is approaching our first support at 0.8404 (horizontal swing low support, 100% Fibonacci extension, 38.2% Fibonacci retracement) where a strong bounce might occur above this level to our major resistance at 0.8625 (Horizontal pullback resistance, 50% Fibonacci retracement).
Stochastic (89,5,3) is also approaching our support where we might see a bounce in...
