UsmanFarouk

EURGBP is likely for Bullish Reversal on 15m, 30m and 1H TFs

Lång
FX:EURGBP   Euro/Brittiska pund
EURGBP is in downtrend on 15m, 30m and 1H timeframes as it has been printing consistent LHs and HHs. However, during downtrend of the price chart, RSI has printed a Bullish Divergence on these three timeframes in addition to the falling wedge pattern, that itself points towards a potential Bullish Reversal.
Drawing my deduction of the situational confluence, I have developed a long bias for the pair establishing entry, SL and TP as depicted on the chart.
Furthermore, sentiments of the market with 92% long positions also confirms my deduction.
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