Fake break out, up within range
Updated
It looked like the EURGBP was going to break out of the range and start trading lower but after a fake break out momentum didn't pick up and with recent GBP bearish news price has turned around. Looking for a pullback to enter with a Profit target at the upper side of the channel.
Order cancelled
Not liking this anymore, GBP took some hits fundamentaly and on this charts reaction zones are to close.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.