EURGBP. Potential H&S Pattern
Updated
Although, a first target from a giant Cypher pattern pullback has been achieved, I expect further decline on this pair before it runs above the Parity.
A potential Head&Shoulders pattern is forming which, if compelted, would bring the pair to 0.76 area. This would complete the leg B correction and start the leg C which should bring the pair above Parity.
Will short 0.86, targeting 0.76 to be achieved before the end of the year.
A potential Head&Shoulders pattern is forming which, if compelted, would bring the pair to 0.76 area. This would complete the leg B correction and start the leg C which should bring the pair above Parity.
Will short 0.86, targeting 0.76 to be achieved before the end of the year.
Note
We´ve spent last 17 days in a range from 0.85 to 0.83. Looks like the FED´s decision hasn´t been played on this pair. Let´s wait for tomorrow´s BOE.Note
Right shoulder forming. Shorts will be placed very soonTrade active
Shorted 0.8570 on Friday, want to short moreTrade active
After printing off a right shoulder, the price has finally started to move in the good direction. Looks like we will start with a Cypher pattern which will mean a bullish correction in the pair and that correction can be sold
Note
Probably, more bull coming. has to be followed carefullyNote
Time to sellNote
Bullish Gartley has been confirmed and currently developing it´s targets as show on the chart. In my opinion, these are entry points for a long-term short position. Stop-Loss would be placed above 0.88Note
It hasn´t even reached the 61.8 retracement before going down. Should find another entry point
Please, follow your strategy! Always!
If there is no strategy that has proven itself successful, please do not trade with real money!
If there is no strategy that has proven itself successful, please do not trade with real money!
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