HarrisonForexx

EUR/GBP - SHORT | HP Rating: 9

Long
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.
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.