Hi guys,
this is a simple harmonic pattern that's unfolding on the 4hr chart on EURGBP. It's going to complete right at a daily structure. I'm going to sell the market at the D point, in expectation of a reversal down to 0.8820 level. Stops above X, targets as shown.
If you have questions/ideas, feel free to comment below.
Otherwise, see you in the next chart!
this is a simple harmonic pattern that's unfolding on the 4hr chart on EURGBP. It's going to complete right at a daily structure. I'm going to sell the market at the D point, in expectation of a reversal down to 0.8820 level. Stops above X, targets as shown.
If you have questions/ideas, feel free to comment below.
Otherwise, see you in the next chart!
Trade active
Trade closed: target reached
First target hit! Stops moved with Fib:Trade closed: target reached
Second target hit!
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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.