EURGBP: Bearish Divergence Shows Price Reversal

Price has reached the upper parallel of an upsloping andrews pitchfork with a bearish divergence being present in MACD. In the lower timeframes we may see that after reaching the parallel, price dropped instantly forming an impulsive wave to te down and now it's in a corrective structure. Selling the breakout of the correction is what i plan to do catching a potential sell off.

Pending setup:

Kommentar:

Price finally broke below the correction and i am already short. I post this a little late but for those who missed the breakout you may wait for another correction and sell the market