EURGBP
seems to be leaving the bearish channel. We can see multiple signals that confirm there's a possible trend reversal coming up, leaning to bullish: Strong signals
1. The chart retested the strong support area around 0.8866
2. There's two higher lows (HL) a third one would me the confirmation even stronger
Weak signals
3. The chart is grinding the lower band which could mean an upward move is imminent
4. MACD shows that K% is nearing D% which could mean a trend reversal leaning to bullish
5. Stochastic RSI shows price was oversold recently
Trade setup
Entry: 0.8877
Stop loss: 0.8812
Take profit: 0.9149
Risk reward ratio: 4.17
