EUR/GBP: bulls prepare a counterattack

EUR/GBP: bulls prepare a counterattack


BUY 0.8875

SL 0.882

TP1 0.8975 TP2 91

On the daily chart, pin bar stopped the bulls’ attack for some time. Never the less, as long as the quotes are above the upper border of the uptrend, chances for the formation of a “Dragon” pattern are still high. To begin with, buyers should renew high at 0.9020.


On H1, EUR/GBP keeps forming a “Crab”. Pullbacks to 50% of the last bullish wave with the following rebound of the uptrend channel’s lower border will be a signal for opening long positions.



Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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