EURGBP h4 SHORT
EG head and shoulder H4, this is a really choppy pair in its nature, hardly any definitive directional trend.
Price met resistance at what may be the formation of the 2nd shoulder at the same height as that of the first.
It is not a high probability setup, but may prove to be meaningful, as price moving to the upside after having broken the descending weekly channel. So a move to the downside to retest previous significant supports may be in play.
I will go light on it.
Price met resistance at what may be the formation of the 2nd shoulder at the same height as that of the first.
It is not a high probability setup, but may prove to be meaningful, as price moving to the upside after having broken the descending weekly channel. So a move to the downside to retest previous significant supports may be in play.
I will go light on it.
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