EURGBP H1 Ascending Triangle
After the big sell-off on the 25th, we saw a regrouping of the bulls at the 0.7 level, pushing price back up.
The first resistance the bulls met was at the 38% with some big momentum, so going through it initially..
The second resistance was at the 50% retracement with 3 consecutive touches but no breaks.
Now price is testing the 61.8% since Friday 27th with continuing up-pressure, effectively creating an ascending triangle.
A clear breakout of this triangle will be a good entry signal
The first resistance the bulls met was at the 38% with some big momentum, so going through it initially..
The second resistance was at the 50% retracement with 3 consecutive touches but no breaks.
Now price is testing the 61.8% since Friday 27th with continuing up-pressure, effectively creating an ascending triangle.
A clear breakout of this triangle will be a good entry signal
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