EUR/GBP:
The EUR/GBP D1 chart continued to move higher after the falling wedge was broken. However, the current upward trend has not yet come to an end, and it can be seen from the past lows that the price will continue to rise to the high point in February 2021.
A falling wedge has also formed on the H1 chart, and the wedge has been successfully broken. But what is unavoidable at present is that the price will have the chance to form a callback and continue to return to the rally. The pursuit of insurance can wait for the price to pull back and go short before entering the market.
Order suggestion:
Low buy more orders. The general trend remains bullish and prices are poised to hit previous highs.
All transactions involve risks, the above analysis is for reference only. When placing an order, be sure to set the lot size and remember to set the stop loss.
