I AM A GOLD TRADER, but this pair caught my attention as it reminded me of a previous chart i posted 3 months ago on XAUUSD which made profits, and similarly EURGBP looks to be very similar. If you look at my previous idea, on a weekly chart you will see the similarity in price action which i am speaking of and understand what i am stating.
EURGBP:
- Looks to be forming a H&S on a weekly time frame.
-There also seems to be a gap at 0.81562
- The pair looks to be wanting to test a previous MAJOR resistance line, which will become future support (As shown on chart)
Therefore, i am short.
Target: 0.81562
Note *This is a swing trade, may take months to terminate*
$$$$
EURGBP:
- Looks to be forming a H&S on a weekly time frame.
-There also seems to be a gap at 0.81562
- The pair looks to be wanting to test a previous MAJOR resistance line, which will become future support (As shown on chart)
Therefore, i am short.
Target: 0.81562
Note *This is a swing trade, may take months to terminate*
$$$$
Note
postimg.org/image/b0ayyhbft/^ Link to the similarity i was referring to
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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.