I'm expecting that the EURGBP will not break out side this side way channel, I'll be looking for opportunities to short this paire during the coming weeks,
This is a risky trade,
Never expose more than 1% of your capital to the market. This is for educationnel purpose and it is not an investment advice.
Best Regards,
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30min side way channel.
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One more push for the upside.
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It will be expected that this PA will continue to push for upside for short term.
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Still pushing for upside, This structure could break down.
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This paire still in side way movement, I'll be looking to shrot it from the top.
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If we are going to see a flag and breakup, so one more up move.
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Finally we have got that breakdown. Cheers guys !! the market is going with the we want.
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1st scenario.
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2nd scenario.
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Ending Diagonal
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The Eur is breaking down as expected, We still in side way movement, so it is possible PA can reverse form the bottom for one more upside wave.