EURGBP 1H Short IDEA
Updated
Head and shoulders pattern followed by a pullback to the neckline. Could touch the 61.8 Fibonacci too which will also touch the trendline or drop from its current position. 3 targets (0, -23 and -61.8). Trade to be taken only on confirmations (look at lower timeframes like the 30m and 15m). This is just an idea and not a signal. If no confirmations then no trade.
Comment
TP1 hit. Touch and rejection of 61.8 Fibonacci as well as trendline (as predicted) prompted entry. The remaining two trades have been made risk-freeTrade closed manually
Rest of trade closed at breakeven. 79 pip movement caught.Disclaimer
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