EURGBP - SHORT - ASCENDING CHANNEL
BIAS: SHORT
Wow, this is a very slow pair, I used to underestimate those rumours.
After that huge bullish run, I have been watching this ascending channel form for quite some time, which indicates to me we are either expecting a reversal (doubt it), or a nice retracement - it has broken it but waiting for a daily closure in order to trade it.
1, Currently sitting at daily resistance
2, Ascending Channel
3, RSI Divergence on Daily
Target based on Fibonacci Clusters + base of pattern (38.2%) + next daily support zone (61.8%)
Wow, this is a very slow pair, I used to underestimate those rumours.
After that huge bullish run, I have been watching this ascending channel form for quite some time, which indicates to me we are either expecting a reversal (doubt it), or a nice retracement - it has broken it but waiting for a daily closure in order to trade it.
1, Currently sitting at daily resistance
2, Ascending Channel
3, RSI Divergence on Daily
Target based on Fibonacci Clusters + base of pattern (38.2%) + next daily support zone (61.8%)
updated