Currency pair analysis: EUR/GBP
The overall trend is downward. The ascending wave pattern of the H4 level is truncated. A bearish divergence has formed on the Awesome Oscillator, while the Stochastic Oscillator signals overbought conditions.
EUR/GBP rate online: monitor the price movement in real time.
Trading idea:
Sell when a descending wave pattern is formed, where the wave (A) breaks through the inclined channel of the truncated ascending pattern.
Stop Loss: above the local maximum of the ascending pattern.
Target levels: 0.8425; 0.8385.
