EUR/GBP: bearish hammer formed

In this analysis and update, I make an analysis in H4 timeframe and I see a bearish opportunity to find down.

snapshot

So, we're into this symmetric triangle, but looking in this timeframe the price could to make the reversal to goes to the up trend line around 0.8460 GBP.

This it's a good opportunity to short EUR/GBP in this timeframe, the're not any bullish signal as the bullish signal was in the precise candlestick that it's below of this.

My entry price was around 0.8514 GBP (56 pips) and target to 0.8460 (GBP and SLto 0.8540 GBP (24 pips)

Good luck!!!
bearishsetupBeyond Technical AnalysisChart PatternsEURGBPForexpriceactionanalsysissymetrictriangleTrend Analysistrendanalysisexplained

Also on:

Disclaimer