EURGBP: Downside Pressure

FX:EURGBP   Euro / British Pound
  • Daily Chart in Channel
  • Double Top shows short term bear move
  • Price has broken the Cumulus Cloud pattern
  • Waiting for Lagging line to break the Cloud to confirm down trend.
  • Support line from March 2015, multiple touches (marked in purple)

Have not taken a position on this yet, waiting for Lagging Line to break the Cloud formation
Could you post when you actually put the position on? This is a nice journal entry.
I took a short on this pair this morning Tim.
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