ANALYSIS 🔎
- EURGBP was printing a falling wedge pattern.
- This is a bullish reversal pattern.
- Price brokeout above the falling wedge's resistance.
- RSI is printing a bullish divergence signal.
BUY ENTRY ⬆️
- Aggressive (risky): current market price (now)
- Conservative: breakout above the the previous swing high resistance (R1).
TARGETS 🎯
- Horizontal resistance level R2.
- Horizontal resistance level R3.
SETUP INVALIDATION ❌
- Breakdown below the swing low horizontal support level (S1).
- EURGBP was printing a falling wedge pattern.
- This is a bullish reversal pattern.
- Price brokeout above the falling wedge's resistance.
- RSI is printing a bullish divergence signal.
BUY ENTRY ⬆️
- Aggressive (risky): current market price (now)
- Conservative: breakout above the the previous swing high resistance (R1).
TARGETS 🎯
- Horizontal resistance level R2.
- Horizontal resistance level R3.
SETUP INVALIDATION ❌
- Breakdown below the swing low horizontal support level (S1).