If we look at the 1H chart, we can see the EURGBP
is in strong and long bullish
momentum, the indication that this bullish
momentum is about to end is the combination of the supply above and The CCI
indicator divergence, on the 1D chart we can see the price is just about to hit the supply above, this supply seems fresh and it’s the first time the price will touch it, on the 1H chart we can See also a clear divergence between the CCI
and the price, while the price creates a higher high, the CCI
indicator creates a lower high, the combination of the supply and the divergence creates a Great opportunity for sell position at the supply above.