EURGBP is trading in a descending channel pattern, as there is a major event in the coming month so, the market may not be very good according to risk/rewards but according to Chart Pattern Analysis, we might see a downside in EURGBP from the resistance of Channel pattern (shown in chart), One can initiate the short side trade with risk management and stop loss.

Thank You.

Vivek_Samale
Vivek_Samale

I have half a decade of experience as a trader and enthusiastically learning & developing new strategies in algorithm trading & also analyzing the companies with New ESG method.