With the EUR/GBP in a clear downtrend, after a pull back from the previous swing low in the 0.7870 area, a trend continuation short opportunity is brewing up with today's high test bearish reversal bar with a potential close below 50 ema. There is also RSI divergence adding to continue short in trend. Price rejection is seen around 0.8020 with a high test bar followed by an inside bar.
Details on how to execute setup are annotated on the chart.
Details on how to execute setup are annotated on the chart.