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Oct 4, 2020 11:23 PM

EURGBP Bearish Flag 

Euro Fx/British PoundFXCM

Description

EURGBP is currently in a clean bearish flag that has great potential if it plays out in a couple different ways. If we see a nice breakout on this flag in an impulsive way, we could look for potential Long positions. However, if we see corrective price structure near the top of its trend-line we could look for Short positions to the down side to stay in this flag. Regardless of what happens, this pair seems to have some good potential entries.
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