A potential rising channel might form within the bigger descending channels (pattern within a pattern), the potential rising channel if completed to a touch by the top trendline will confirm a signal of price moving lower towards the 90% Rule. Price from there on might shoot upwards or continue to move lower.
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...
Looks Like We may have another Descending within a Descending play, so far The potential descending within the larger structure is not yet complete, we need to see at least two swing highs and two swing lows, depending on the swing low, we'll determine which entry we should take. whether a Risk entry or the LTF Correction after the breakout.
Price impulsed down from an area of value on the daily timeframe. Price formed an ascending within an expanding pattern on the 1 HR. Entry order set after 15 min confirmation. SL at B.E and anticipating further downside.
** NOT ONE TO MISS ** PRICE BROKE WEEKLY PATTERN WITHIN PATTERN; CAME BACK IN (FILLING LIQUIDITY) 1 HR: Large CORRECTIVE Bear Flag Developing ** ANTICIPATING LARGE IMPULSIVE DROP ** Will look to enter as a Risk Entry FX:GBPAUD