EUR/GBP: Short setup

Up channel ready to break?

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Breakout out of the channel might be ongoing... (we still need the daily candle to close first though). If in from the top keep it, if not I would wait a little or try to get in on a lower TF overbought signal in a retracement to limit the risk...
We are now at the lower BB so if this is just a small retracement it might turn up again:

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Possible levels to enter short: 0.8930-35 and 0.8965-70.
Not an advice, just a possible entry...

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Update:

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Some reaction at the MA(100) but a good chance that it will break, we'll see...

ความคิดเห็น:

I think it's best to take (partial) profits now since we might be going up again...