EURGBP: Potential breakout of inverted H&S formation
EURGBP is in a large sideways formation and an upside breakout seems like the most probable outcome.
We will BUY an upside breakout of the neckline at 0.8435 on an 1H strong bar close above that levels, targeting 0.8465-70. Stops will be set below 0.8412.
Daily chart
We will BUY an upside breakout of the neckline at 0.8435 on an 1H strong bar close above that levels, targeting 0.8465-70. Stops will be set below 0.8412.
Daily chart
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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.
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.