Euro / British Pound

Short

Head and shoulders formation —Bearish chart pattern—-

Updated

I’m no expert but this looks like a great time to go short, analysing the chart the sellers are clearly in control and a head and shoulders pattern has formed, this is usually a bearish pattern. Stops and TP are just an example.. happy trading and sorry if I am wrong

Trade closed: stop reached

Unfortunately I got stopped out quite early on, took a loss on this one of £10.20

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.