When it comes to trading potential reversals in the market, you will want to keep an eye on ending diagonal patterns. It is a five wave, but overlapping structure in the direction of a trend, but because of lower momentum and volume it suggests that this trend is coming to an end. Ideally this is what is going on on EURGBP right now, but we still see an incomplete pattern. We see wave 5) that may cause another pop-up and then a drop from 0.9 level. Invalidation level for this pattern is at 0.9040; that is where wave three would be the shortest.
EURGBP, 1h
