There is a possible flat channel forming here on EURGBP. To be sure, watch the bottom of the channel for a valid bounce before placing any trades.
Note
We have received the bounce off the bottom of the channel as expected. Look to keep long positions until the top of the channel.
Note
Note
The trade reached the take profit.
Watch for a continuation pattern to join short on the pair.
Note
Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.