Analysis

EUR/GBP Trendline Bounce with LTF Pattern

By Ronny

EUR/GBP is bouncing off a daily trendline. Let's see how to trade this.
EURGBP_2022-06-18_14-22-47

On the hourly chart, we got a break out of an ascending triangle. A nice trading opportunity might present itself on a re-test of the role-reversal level.

EURGBP_2022-06-18_14-21-54

I'm looking to enter on a hard retest. Fist profit target being the 0.8618 local high and main target the recent swing high at 0.87156. A close below 0.85115 would invalidate this setup.


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