EUR/GBP Uptrend Analysis – Structure ExplanationEUR/GBPOANDA:EURGBPigedeyudakusumaThe market is currently moving inside a rising channel, showing a clear higher-highs and higher-lows structure—an indication that EUR/GBP is in a strong bullish trend. 1. Rising Channel (Main Trend Confirmation) •The price has respected both the upper and lower trendlines multiple times. •Each major swing forms a higher low, confirming buyers remain in control. •The recent bounce from the lower trendline shows the market is still respecting the channel. 2. ABCD / Corrective Pattern Inside the Channel You have correctly identified the A-B-C-D wave pattern inside the uptrend: •(A) → Price hits the upper channel. •(B) → Price pulls back to the lower channel. •(A) → Price returns to the upper channel. •(B) → Recent retracement forms another higher low at the support line. This repeated ABCD pattern suggests the market is cycling upward, creating predictable bullish waves. 3. Strong Bounce From Key Support At the latest (B) point: •Price reacted strongly from the lower trendline. •Bullish engulfing candles confirm buyer pressure. •No major breakdown below the structure occurred. This is a classic trend continuation signal. 4. Projection: Bullish Move Toward Upper Channel The blue arrow projection reflects the most likely next move: •Price is expected to climb toward the upper boundary of the channel. •The next target zone aligns around 0.88600 – 0.88700. •Momentum and previous wave symmetry support this bullish continuation. 5. Trend Logic in Summary •Trendline support is holding. •Price is making higher lows. •Channel structure remains intact. •Repeated ABCD correction suggests the next leg is bullish. •Buyer strength showed strong reaction at the last (B) point. ⸻ 📌 Final Outlook As long as price stays above the rising trendline, EUR/GBP is expected to continue its bullish movement, heading toward the upper channel resistance around 0.88600+.