EURGBP - Double Bottom Pattern - 30/04/2024

EURGBP has been trading in a strong Bearish Trend, printing new LLs and LHs.

Following Bullish Divergence on the 1 Hour TimeFrame, a strong Double Bottom Pattern has emerged, hinting potential reversal to a Bullish Trend.

If a breakout of the neckline at the 0.85574 level is seen, price can potentially move close to the 0.86170 level.

Trade Plan: Long
Entry: 0.85574
SL: 0.85264
TP1: 0.85870
TP2: 0.86170