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WaqasWasi

EURGBP - Double Bottom Pattern - 30/04/2024

Long
Euro / British Pound (EIGHTCAP:EURGBP)  
WaqasWasi  
EIGHTCAP:EURGBP   Euro / British Pound
Trend Analysis Harmonic Patterns Chart Patterns
4
0
trendanalysis harmonicpatterns chartpattern
EURGBP has been trading in a strong Bearish Trend, printing new LLs and LHs.

Following Bullish Divergence on the 1 Hour TimeFrame, a strong Double Bottom Pattern has emerged, hinting potential reversal to a Bullish Trend.

If a breakout of the neckline at the 0.85574 level is seen, price can potentially move close to the 0.86170 level.

Trade Plan: Long
Entry: 0.85574
SL: 0.85264
TP1: 0.85870
TP2: 0.86170
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