EURGBP FALLING in channel

To begin with, I want to remind you of my past forecast for this pair, which came true.

I wrote: "The price has so far entered the descending channel and after breaking it approaches the lower channel line - the support line. I expect growth from her."


And we can see that now the price really touched the support line and rose from it to the resistance line. Where the price is now.

In addition, these lines are the borders of the descending channel, in which the price has been moving since September this year. Since the price still showed a large increase before entering the channel, it can rather be called the "Flag" pattern.


By the way, there is a strong level here, which the price has broken through. This is another reason to expect her to fall.
I expect the price to touch the resistance line, bounce off it, and reverse in a downtrend within the channel. The target is the support line.

Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩‍💻