VladimirRibakov

EURGBP Sell Idea

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FX:EURGBP   Euro / Libra Esterlina
D1 - Price is nearing the top of the channel.

H4 - Price broke above the first magnet zone and is holding above it. We may now expect it to reach the second magnet zone and a reversal to happen from there.

The second magnet zone coincides with the top of the channel and also we have a potential bearish divergence forming at the moment.

Once the price reaches this magnet zone we may look for bearish evidences and then we can start looking for sells.

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