EURGBP - Testing Supply at the Channel TopEURGBP has been grinding higher on the 4H, respecting a rising channel. Price is now tagging the overbought zone near the upper bound and a 0.873–0.875 supply area.
This confluence is key 🔑. If sellers react here, I’ll look for short setups on rejection, aiming for 0.867 first, then 0.863 toward demand and the lower channel.
If price breaks and holds above 0.875, the short idea is invalidated and 0.880+ could follow. Until then, it’s a “look for shorts at supply” play.
What’s your take - fade the touch at supply, or wait for a confirmed break and retest? 🤔
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
