EURGBP Multi-timeframe analysis Daily - Since 24th of November market rejected the 0.88610 zone and moving from HL to forming a possible HH.
Our target is to catch a buy in this move.
4H-Break the downtrend structure and now we are at the 0.89958 key zone with market forming a second HL. We already have a bullish engulfing as a confirmation and with more bullish elements we could get our Buy setup on Lower Time Frames (LTF).
Using 1H for confirmation and 30m for our entry, since both are on a downtrend forming a LH, will wait probably another 3 to 6 hours until market find a new HH and HL, otherwise the Scenario 2 (S2) will be our future setup.
Will keep you updated.
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Sam
