• Vasily Trader

EURGBP: Preparing For The Next Move! Our Plan:

EURGBP keeps being very bullish from 10th of August.

Being bullish biased, I am looking for an opportunity to catch the next bullish wave.

On focus is a double bottom formation on 4H.

Its lows are lying on a daily support cluster.

To buy with confirmation I will wait for its neckline breakout.

0.857 - 0.8575 is the zone that must be broken.

Wait for a 4H candle close above that.

Then buy aggressively or on a retest.

Initial goal will be 0.8615

In case of a new lower low formation on 4H,

the setup will be invalid.