As we explained in the GBPUSD
post (link below) but in this EURGBP
rally is about to end. Price is moving into a rising channel
with MACD bearish
divergence showing that this move is losing steam. Into the channel we have a nice buy short term setup which will be active after price breaks the small correction.
Our main trade though should be a sell when we will have a breakout below the rising channel
. When price breaks watch for a sell setup and go short