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EUR/GBP Trading Analysis (15/08/2023)

15.08.2023

Market Review

The trend is ascending. The Forex pair is traded in the range of the rounded secondary level of 0.8580. There is bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.
 

EUR/GBP Price Chart as of 15/08/2023 with technical indicators

Trading idea:

Buy at the formation of the upward wave structure, where the A wave breaches the sloping channel of the downward structure.

Stop-Loss: 0.8580.

Target price level: 0.8632, 0.8665.


#eurgbp #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor

Author: GC
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