EUR/GBP (H4) - After consolidating since the 28/09 we seem to have finally broke out the consolidation zone. I was expecting a more impressing break so a rally back into the zone before properly breaking out may be in the cards.
Similar to the last 2 pairs. Lower high looks to have formed to continue this bearish trend. We have a nice trendline holding on the hourly which is visible on the H4. I would suggest using this trend to look for momentum shift (break) and then look to enter on the retest.
Lower high has been created on the H4. We have multiple confluences to support shorts on this pair which include the multiple wick rejections around the lower high and price attempting to break for a second time to form the double top. I will be waiting for the neckline break and retest for entries on the hourly.