EURGBP has been trending downward, and we are now about to see a reversal of the bearish trend.
The price is reversing from the bottom of a bearish channel and formed inverse head & shoulder, which is a reversal pattern, and on the 4H time frame, price break a descending T/L which is our confirmation of the Head & Shoulder.
The price is reversing from the bottom of a bearish channel and formed inverse head & shoulder, which is a reversal pattern, and on the 4H time frame, price break a descending T/L which is our confirmation of the Head & Shoulder.
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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.