Renforex

EURGBP Two Possibilities - Daily chart

FX:EURGBP   Euro Fx/British Pound
If you have been following my previous EURGBP             charts you will have made some serious pips in the past 2 weeks. But now it gets a little less clear.

We are at the bottom of our channel, which gives potential to buy. However the previous high has formed a double top , which gives us the possibility that price will exit the current channel.

Buying with a stop below the channel is a good idea.

Switching to sell if your buy stop is hit, or we close outside of the channel at any point is also a good idea.

Red arrows do not predict exact price or time. Only direction. I advice you to manually exit the trades at key structure points if you are unsure of where to place TP.
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