It's very clear that EURGBP is going to break out, just a matter of when and what level :D I'm setting my buy level at the lowest edge of the descending channel aiming to climb up all the way to 0.862 to even 0.867 (will open target once reaching 0.86. With current weakness in the pound, Euro may also simply breakout in no time. If you are focused in one trade, then possibly just buy the dips to secure some entries. I only have one setup, so it's either hit and give me profit, or I'll let it go.
RSI on 2H is pretty high, 1H and 4H are well above 50, so there's a potential to breakout anytime soon; if not, I cannot see it breakout within the next 24hours unless pound suffers extremely.
RSI on 2H is pretty high, 1H and 4H are well above 50, so there's a potential to breakout anytime soon; if not, I cannot see it breakout within the next 24hours unless pound suffers extremely.