Here Is my EUR/GBP WEEKLY CHART
I don't trade this pair but i spotted this nice channel
& A potential bearish engulfing candle (upon tonight's close)
As I have highlighted in yellow the series of lower swing highs
that have formed the upper trendline, I then copied this line and placed below, giving us confluence. You can see the series of bearish reversal candles leading to an extensive drop a good few hundred pips each time!
If we can close around 0.8540 zones tonight then it would be a high probability reversal setup....looking to sell on any rallies for the coming week: 11/02/2013
Just one to keep in mind