Possible Flat Channel Forming on EURGBP

There is a possible flat channel forming here on EURGBP. To be sure, watch the bottom of the channel for a valid bounce before placing any trades.

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We have received the bounce off the bottom of the channel as expected. Look to keep long positions until the top of the channel.

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The trade reached the take profit.
Watch for a continuation pattern to join short on the pair.

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