EUR/GBP - SHORT | HP Rating: 9

FX:EURGBP   Euro / British Pound
the HTF multi-touch support, as well as patterns we are showing approaching that area, are all signs of reversal. Looking at the LTF it seems we may be forming a much larger ascending channel and is probable to reach the bottom of the channel, break the support and have a bear trap scenario which would be the highest probability. RE at this point I would be happy to take it, if that doesn’t become apparent we could see an impulse and 15M flag which I would look to enter if the bias was the change earlier than expected. Really happy with this! Of course, if we see a large impulsive move lower past structure I would wait for a pattern to form. Not a 10 rating just because of the pattern continuously evolving which could be troublesome for entry. Entry would have to be clear for me to enter.