EURGBP two possible scenarios
on DAILY: EURGBP is currently sitting inside a support zone, so let's see if it will reject it or break it downward.
on H4: EURGBP formed an objective head and shoulders pattern, so we are waiting for a momentum candle close below its neckline to sell.
meanwhile, this pair is sitting around support and trading below our red trendline (not valid yet), so we are waiting for a third dot to form around it to consider it objective and enter on its break upward.
Let's see which scenario will be activated.
on H4: EURGBP formed an objective head and shoulders pattern, so we are waiting for a momentum candle close below its neckline to sell.
meanwhile, this pair is sitting around support and trading below our red trendline (not valid yet), so we are waiting for a third dot to form around it to consider it objective and enter on its break upward.
Let's see which scenario will be activated.
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