EURGBP Sell Rallies after a breakout

In the H1 chart I want to see a breakout below 0.8590 (blue horizontal line) and then I will be looking to sell at the pullbacks towards the down trend line. Ideally we would see two waves up ending with bearish divergence. Of course this is not a mandatory condition. You can also find the short term up trend line that will form during the pullback and trade the breakout below it.

Stop Loss – Above 0.8680.

Target 1 – 0.8600.

Target 2 – 0.8500.