Long

EURGBP - Inverse H&S

Updated

Wait for 12h close above 0.8753 to enter the trade. Stay safe!

Note

So far so good, still awaiting 12h close above 0.8753 to enter the trade. On 4h chart we can see possible inverse h&s that could send us higher and provide us with the desired 12h candle close.
Also, we can see that the reaction from the support 0.869 was very strong.

Order cancelled

Looked great but hard push down just happened. We never got 12h candle close above 0.8753 so trade was never executed as the confirmation for the idea did not come. Due to the recent push, I am loosing interest in this setup as it is not reliable anymore.

Waiting on sidelines to see if something new will form.

Quantiq

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