EURGBP Head and Shoulders -- Short
Check the chart for details. Got an hourly close on low with retracement in the entry zone. Potential retracement -- potential downside beyond that. Pattern at daily resistance.
-Wait for confirmation
-Use a stop loss
-Trade with money you can afford to lose
-Be willing to be open to multiple scenarios
-Wait for confirmation
-Use a stop loss
-Trade with money you can afford to lose
-Be willing to be open to multiple scenarios
Note
Trade closed. Target reached. Has potential for further downside motion, but goes beyond my analysis for this trade.
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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.