EURGBP pay attention to this breakout structure

2020년 7월 5일

Hi everyone:

EURGBP worked out beautifully as price made another up to the upside, and strong bearish impulse down.

This validates my analysis of structure and pattern movement.

Now we see the price is in a correction structure, just above this larger higher time frame channel structure.

This would be a high probability setup if we see a completion of the structure and we can go down to the recent lows.

I would wait for correction to finished and go down to lower time frame for potential entries.

Thank you

2020년 7월 5일

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2020년 7월 6일

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price is forming a more complicated structure, but I am still looking for downside. Waiting for completion of a Head and Shoulder, as well as this continuation correction.

2020년 7월 6일

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Sorry, wrong screenshot from last post. Here is EURGBP

2020년 7월 7일

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2020년 7월 9일

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Price formed more continuation structure.