EURGBP is a very interesting opportunity from my point of view because of the H1 wedge, that has created. Ideally I want to see a break above the last high and the wedge with a strong move up, creating convergence on the MACD. Next we should follow for a double wave correction down on the lower time frames along with hidden bullish divergence to be formed and consider a buy order.
Technical Overview:
H1 – wedge
Entry:
M30/M15 – Once the convergence has been created, look for double wave correction down and hidden bullish divergence to form.
Target 1: 0.7230
Target 2: 0.7265
Stop Loss: below 0.7165
Video Explanation
Yours,
Vladimir
