If we look at the 4 hour chart, We can scan the EUR/GBP cross currency pair for the appearance of:
1. The Deviation between EUR/GBP price movement with CCI indicator.
2. The appearance of Bulllish 123 pattern followed by the appearance of Ross Hook (RH).
From the two things above, it can be seen that EUR/GBP is trying to break above the 0.8814 level. If it is successfully penetrated above, the first target to aim for is 0.8846 and 0.8872 as the second target, but if on its way to these level targets, suddenly EUR/GBP drops below the level of 0.8743, It can be sure that the bull scenario described earlier will cancel itself.
(Disclaimer)
