Our algorithm has detected a strong bearish signal on EUR/GBP. The currency has developed an interresting head and shoulders figure over the last 6 months. The caracteristics of the pattern are excellent and give to the figure 94% of success with an expected gain of more than 7%.
Trade active
Last chance to succeed with this trade... Bearish reversal is still possible but probability falls to 56% only... Break of the 0.86 resistance will definitively kill this tradeTrade active
The pullback will end and the downtrend will continue, the are too many resistance to break for a bullish impulse
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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.