The BOE has likely cut interest rates more aggressively than warranted, with inflation still running hot according to the latest reports.
This sets up a fundamentally bullish case for EUR/GBP.
From a technical standpoint, using my Orderflow Boxing Method, EUR/GBP is now showing bullish structure on the 4H chart.
I've identified two Points of Interest (POIs) — both 4H Fair Value Gaps (FVGs).
The first 4H FVG has already been tapped and has also led to the formation of a 15M FVG, adding confluence.
I entered my first long position using the 5M chart, triggered by a bullish signal on the Target Trend Indicator by @BigBeluga.
Let’s see how this setup plays out. If it doesn’t hold, I’ll be watching for price to move deeper into the discount zone of the second 4H FVG to look for another long opportunity.
This sets up a fundamentally bullish case for EUR/GBP.
From a technical standpoint, using my Orderflow Boxing Method, EUR/GBP is now showing bullish structure on the 4H chart.
I've identified two Points of Interest (POIs) — both 4H Fair Value Gaps (FVGs).
The first 4H FVG has already been tapped and has also led to the formation of a 15M FVG, adding confluence.
I entered my first long position using the 5M chart, triggered by a bullish signal on the Target Trend Indicator by @BigBeluga.
Let’s see how this setup plays out. If it doesn’t hold, I’ll be watching for price to move deeper into the discount zone of the second 4H FVG to look for another long opportunity.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.