EURGBP has been in a correction phase for quite some time since the impulse in 6 April. The recent rejection in 0.236 fibo (D1) might indicate a reversal and the end of correction wave.
It is recommended to monitor and see if it breaks the descending wedge for confirmation.
What do you think? Let me know in the comments below!
It is recommended to monitor and see if it breaks the descending wedge for confirmation.
What do you think? Let me know in the comments below!
Comment:
Price hit SL. However, price rejected at 0.236 fibo (0.8520) at W1. Buy dips can be considered to recover some losses with tight SL just below the previous low.