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Euro / British Pound
Long

EUR/GBP - POTENTIAL PRICE SURGE IMMINENT | INVERSE H&S/61.8% FIB

63
  • Inverse head and shoulders pattern forming on EUR/GBP
  • Recent correction has retraced an appropriate amount with price settling at the 61.8% retracement
  • Price expected to make its way back upwards testing the HTF 61.8% fibonacci with a mid-term target beyond that at the full 100% retracement
  • Long positions advised with a stop below the right shoulder AND 61.8% fibonacci
  • If price hits stop, potential re-entry and second attempt at longing at the next support
JayanVarsani
Also on:
Chart PatternsdollarDXYEUREURGBPEURUSDGBPUSDTechnical IndicatorsTrend AnalysisUSDUSDCADUSDJPY

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.
Chart PatternsdollarDXYEUREURGBPEURUSDGBPUSDTechnical IndicatorsTrend AnalysisUSDUSDCADUSDJPY
JayanVarsani
Also on:

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.