EURGBP Multi-Timeframe Analysis

Market made a classic fake breakout / fakeout to the downside and was bought quickly
1h Pinbar was formed and RSI divergence occurred

Previous analysis from 17/11/2019:

EURGBP made nice 5 wave move to the downside
currently sitting around horizontal support
price under falling TL and right at rising longterm TL
&Falling wedge formation
Looking for catching a bigger retracement to at least 38% Fib





https://www.tradingview.com/x/nqjxZbZX/

https://www.tradingview.com/x/zthtyx5N/

Have a look at my ideas of GBPAUD and EURUSD to get another ideas of upcoming moves this week.

This is for educational purpose only. This is no investment advice. Trade with demo account first before risking your own money.