EURGBP
Updated
TF: 4
I was looking to short this pair last week; however, price moved high quickly and dropped shortly after making a H and S pattern. Currently the right shoulder could be in the process of being completed. I am looking to short and entered in as shown on the chart. Bearish divergence can also be seen on the RSI. I am expecting a large move down.
I was looking to short this pair last week; however, price moved high quickly and dropped shortly after making a H and S pattern. Currently the right shoulder could be in the process of being completed. I am looking to short and entered in as shown on the chart. Bearish divergence can also be seen on the RSI. I am expecting a large move down.
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Price is trading near the potential H and S neckline, looking to add if it rejects...
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Still hovering in that area...
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Closed my trade for a loss, possible inverse H and s
S forming which could help price move north. I am going to keep an eye on this.
Comment
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Price has not really broken out of this consolidation area yet
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