The Euro British Pound.

Good evening Forex Traders ,

On looking through the charts tonight, I have noticed alot of pattern formations possibly due to the big news out tomorrow, but I thought I would show you a chart of the EURGBP on the four hour timeframe that has triggered an entry today.

With it being on the lower timeframe it will have to be managed closely and especially with NFP tomorrow so will get closed out later or at least very tight stops put on it, and also with the divergence going on both longer and shorter term.

Some of the confluences were the continuation of the uptrend with a break above the V.I. and then a re-test of this as support.

Also there is the AdvancedGet EW count showing a possible W4 at this point and also the figure area in proximity at this point.

Perhaps a little late to enter on this now for these reasons as the entry point has passed but thought I would show you the reasons behind it.

As always please ensure to do your own analysis.

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.