EUR/GBP Trading Analysis (08/11/2023)

The entry point at the pullback B is forming. The ascending wave structure is truncated. Bulls tested the upper border of the ascending price channel. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought state.
 

Trading analysis:

Sell at the formation of the descending wave structure, when the A-wave breaches the sloping channel of the ascending wave structure.

Stop-Loss under the local maximum of the ascending structure.

Target price levels: 0.86777, 0.8650.

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