EURGBP, Bearish H&S, Short term sell
Price action is in a down trend as we can see on the HTF price is moving within a decending channel. Looking at the LTF we can see a short term sell opportunity as price is potentially completing the right shoulder of a Head & Shoulders pattern which in nature is a bearish indicator.
Look for a short entry around the neck line of 0.885 that fits your trading plan.
Thanks
Trade Safe
**If you felt this was helpful in anyway hit the LIKE button and FOLLOW me for more analysis and educational ideas**
Comment below and share your opinion on this set up.
Look for a short entry around the neck line of 0.885 that fits your trading plan.
Thanks
Trade Safe
**If you felt this was helpful in anyway hit the LIKE button and FOLLOW me for more analysis and educational ideas**
Comment below and share your opinion on this set up.
Related publications
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.