EURGBP Descending channel

The bear rally could take a pause with this descending channel reaching its support trendline.

It might present a false downward breakout but if it refuses to and actually breaks out completely, than this pair will seriously plunge, and I will follow it.

If the channel is valid, I will be initiating a long position to the red resistance, and the channels resistance trendline if the red resistance allows it.

Good luck and follow me for more!