A potential bearish H&S pattern seems to be in formation on the 
EURGBP pair. The H&S seems quite linear and looks nice. To be more accurate, there is a weekly resistance in the 0.7868 area, so that could be our entry point with a right shoulder lower than the left one, which often is the case in this type of bearish formation. First target on the 0.7513 area and last target in the 0.738 area, with supports on the way. Will update with entry levels, SL and targets when and if we get close to the potential entry.
EURGBP pair. The H&S seems quite linear and looks nice. To be more accurate, there is a weekly resistance in the 0.7868 area, so that could be our entry point with a right shoulder lower than the left one, which often is the case in this type of bearish formation. First target on the 0.7513 area and last target in the 0.738 area, with supports on the way. Will update with entry levels, SL and targets when and if we get close to the potential entry.
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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.