EURGBP: H/S pattern...followed by another H/S pattern?
Not the cleanest presentation :) but I've noticed there may be a 2nd Head & Shoulders pattern set up here, that could see the price drop back down.
Just going to watch it for now, If there is a break below 0.7880 area, then I will enter short...
Just going to watch it for now, If there is a break below 0.7880 area, then I will enter short...
Trade active
UPDATE, entered short @ 0.7875 ...Note
Trade still open, if it can't get past the 0.7850 area, I may close there for a 25 pip gain....will let it continue on for now...
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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.