EUR/GBP – Running Triangle Pattern

EUR/GBP seems to be developing a Running Triangle in Minute IV (red) position, with its sub-wave Minuette (e) (pink) remaining and not yet finalized.

Should EUR/GBP reverse to the up-side in a ”three”, then the converging and the possible triangle connecting line from Minuettes (a) & (c) (pink) would be closely watched for possible sell set-ups.

Scenario would be invalidated if a sharp bearish move would occur beyond Minuette (b) of the Running Triangle.

This post represents a follow-up on for the previously posted “EUR/GBP – Bearish Intermediate (C)” view.

4H Chart (picture):

4H Interactive Chart:

Many pips ahead!