hellow traders, i am currently looking at the eurgbp and i see short position on which i will not hold for long after executing but this weeks overall pair movement wil (rally) GO HIGH. please comment below on what you think on this pair.
Hello traders!
‼️ This is my analysis on EURGBP .
Here we are bearish from H1 timeframe perspective after the price broke the market structure, so I am looking for shorts. I expect price to make a retracement to fill the imbalance above and then to reject from bearish orderblock.
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Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied
The pair should find some resistance just above 0.93, if this happens, we will monitor the wedge support, from a technical point of view, this could be a reversal pattern.
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Cheers.
For the immediate trend :
Entry : .86190
Stop : .85916
Target 1 : .86616
Target 2 : If price closes above bearish trend line, next target will be .86944
Target 3: Hold and move stop up along with trade
Reference Red Supply zone if shorting.
![EURGBP: [EURGBP] POTENTIAL WEDGE PATTERN ON 5TH WAVE...](https://s3.tradingview.com/z/Z5zJaPus_mid.png "[EURGBP] POTENTIAL WEDGE PATTERN ON 5TH WAVE...")
