EURGBP Sell Idea

W1 - Price moving inside range and is currently at the middle of the range.

D1 - Price moving inside a channel and is currently near the top of the channel. We may now expect the price to move lower until it reaches the 0.83 zone or so.

H4 - False break with divergence. Price has broken the last low and is moving lower. If this turns out to be a valid breakout, we can start looking for sells.
DivergenceEURGBPfalsebreakParallel ChannelrangeSELLTrend Analysis

Also on:

Disclaimer