on monday GBP gapped down, and hence for EURGBP suddenly it spiked up. This happened to almost complete a 4 point ED channel. I am looking to short this on close below a 2 weeks flat high, sort of a bull trap. Still believe EUR is weak and shorting EG is with the trend imo.
RSI shows divergence as well.
If price cab go beyond 7889 first TP, then will look to hold...
several confluences come into this. I see a potential h1 distributive chart pattern hovering above a 2 weeks high.
I am hoping that this pattern can smash this 2 weeks support. I have also identified some d1 line chart pivot as levels that I will like to see a convincing crush. that works out to a good close at ~9320.
I have a h1 channel within a h4 channel.
h1...