Head & Shoulders Breakdown – Entry at 0.8500, Targeting 0.8328! 📉
EURGBP (Euro vs British Pound) has confirmed a bearish breakdown from a Head & Shoulders pattern on the 4H chart, and we’ve got a solid trade setup to share! Let’s dive into the details and make this a winning trade! 🌟
Current Price: 0.85977 💰
Pattern Spotted: Head & Shoulders 📈
Breakout Zone: Below 0.8580 (Neckline Support) ✅
What’s Happening? 🤔
The Head & Shoulders pattern has triggered perfectly, with EURGBP breaking below the 0.8580 neckline and showing strong bearish momentum! We’ve entered the trade at 0.8500, catching the move as the price continues to drop. The pattern’s projection aligns with our target, and we’re set to ride this wave—just like we did with our BTCUSD trades, grabbing 850 pips and hitting $74,500! 🎯
Bearish Trade Setup: 📝
- Entry: We’re in at 0.8500—a great entry point after the breakdown! 📲
- Target: 0.8328—our key level to take profits! 🎯
- Stop Loss: Set at 0.8600 to keep risk in check. 🛡
- Pro Tip: Trail your stop loss as the price moves lower to lock in gains as we approach the target! 💡
Risk-to-Reward Breakdown: ⚖
With an entry at 0.8500, a target at 0.8328, and a stop loss at 0.8600, we’re risking 100 pips to gain 172 pips. That gives us a 1:1.72 risk-to-reward ratio—a fantastic setup for this trade! This kind of ratio ensures we’re maximizing potential profits while keeping our risk manageable.
What to Watch For: 🔍
Keep an eye on the price action as we approach the 0.8328 target. If momentum remains strong, we could see a smooth ride to the target. However, if the price starts to stall or shows signs of reversal, be ready to take partial profits and adjust your stop loss. The market can always throw surprises, so stay alert!
The bears are leading the way on this one! 🐻 Let’s stay focused and turn this setup into another successful trade. Are you in on this EURGBP trade? Drop a 🚀 in the comments if you’re ready to roll! 💬
EURGBP (Euro vs British Pound) has confirmed a bearish breakdown from a Head & Shoulders pattern on the 4H chart, and we’ve got a solid trade setup to share! Let’s dive into the details and make this a winning trade! 🌟
Current Price: 0.85977 💰
Pattern Spotted: Head & Shoulders 📈
Breakout Zone: Below 0.8580 (Neckline Support) ✅
What’s Happening? 🤔
The Head & Shoulders pattern has triggered perfectly, with EURGBP breaking below the 0.8580 neckline and showing strong bearish momentum! We’ve entered the trade at 0.8500, catching the move as the price continues to drop. The pattern’s projection aligns with our target, and we’re set to ride this wave—just like we did with our BTCUSD trades, grabbing 850 pips and hitting $74,500! 🎯
Bearish Trade Setup: 📝
- Entry: We’re in at 0.8500—a great entry point after the breakdown! 📲
- Target: 0.8328—our key level to take profits! 🎯
- Stop Loss: Set at 0.8600 to keep risk in check. 🛡
- Pro Tip: Trail your stop loss as the price moves lower to lock in gains as we approach the target! 💡
Risk-to-Reward Breakdown: ⚖
With an entry at 0.8500, a target at 0.8328, and a stop loss at 0.8600, we’re risking 100 pips to gain 172 pips. That gives us a 1:1.72 risk-to-reward ratio—a fantastic setup for this trade! This kind of ratio ensures we’re maximizing potential profits while keeping our risk manageable.
What to Watch For: 🔍
Keep an eye on the price action as we approach the 0.8328 target. If momentum remains strong, we could see a smooth ride to the target. However, if the price starts to stall or shows signs of reversal, be ready to take partial profits and adjust your stop loss. The market can always throw surprises, so stay alert!
The bears are leading the way on this one! 🐻 Let’s stay focused and turn this setup into another successful trade. Are you in on this EURGBP trade? Drop a 🚀 in the comments if you’re ready to roll! 💬
Trade active
🚨 EURGBP TRADE ACTIVATED! 🚨Neckline Breakdown Confirmed – Strong Selling Pressure!
Our EURGBP trade is now live after a clean neckline breakdown, signaling strong selling momentum!
✅ Trade Activated
✅ Breakdown Confirmed
✅ Targeting Major Profits
Stay patient, manage your trade smartly, and let’s capture big pips together!
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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.
Join My Telegram Channel Now
t.me/JosProTrader
📢 Get Daily High-Accuracy Signals for Forex, Gold & Crypto
💰 Consistent Profits | Real-Time Alerts | Pro Strategies
t.me/JosProTrader
📢 Get Daily High-Accuracy Signals for Forex, Gold & Crypto
💰 Consistent Profits | Real-Time Alerts | Pro Strategies
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.