EUR/GBP doesn’t want to give up

EUR/GBP doesn’t want to give up

Recommendation:

BUY 0.8855 SL 0.88 TP1 0.8955 TP2 0.9055

BUY 0.902 SL 0.8965 TP1 0.91 TP2 0.92

On the daily chart, the “Shark” pattern is transforming into 5-0. Pullbacks towards 38.2%, 50% and 61.8% of the wave CD are usually used for buying. 

EURGBP1.png 

On H1, a break below support at 0.8905-0.8915 will trigger the senior “Shark” pattern with targets at 61.8%, 78.6%, and 88.6%. Risks of the uptrend’s resumption will strengthen in case of a successful test of resistance at 0.9020 (88.6% of the wave CD of the junior “Shark” pattern).

EURGBP2.png

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