There are 2 potential buying opportunities for the EURGBP : a bull bat pattern (purple) and a bull Gartley pattern (blue). If market continues lower and hits the 886 retracement, there's a chance to go long, and the blue box is a kill zone to buy the bat pattern if you're more conservative. Half the gartley has already been completed, and if market rallies up and hit the 382 retracement, the C point will be validated and if market goes lower to hit the 127 extension, there will a potential bull gartley.
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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.