Pattern within a pattern confirmation // EURGBP short

FX:EURGBP   Euro / British Pound
A reversal channel pattern is forming on the 1hr time frame, within a bearish flag that was formed in a HTF (4hr - Daily) of the EURGBP. If the price completes the reversal channel pattern, then there's a high probability of price dropping towards the weekly support area or reverse on the trendline that was formed by the falling wedge Pattern on the HTF (Daily).

Place a pending order on the 15m time frame near the top of the reversal channel that is potentially forming currently.


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