EURGBP reached its August 2017 highs, Momentum on this market is weakening all across the bigger picture therefore i am seeing a trade to be setting up here, wait for the market to break the trend line to execute the orders.
Trade safe & Good luck everyone!
this analysis is showing both ways warnings! so with evolving and every new information and move that the market is making we can read the intentions but everything can change, so ill try to explain euro pound here.
on daily tf is showing big divergence and is at the daily resistance and after the first motive 5 wave structure we can take all that (white...
The price is at key support level. If price breaks below the 0.8620, I'll be looking for short trade or if price gets rejected from that level - potential long trade.
EURGBP SELL BELOW 0.8620