EURGBP h4 SHORTEG 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.
Eg
EG easy predictionI made this prediction about a week ago on 9/8 and using Fib Retracement and the Cloud I easily made 250 pips. This strategy is a very useful long term strategy. PM me if you want to know how I color coordinated the Fibbonacci Retracement and how it is extremely precise and useful.
EURGBP - Beck from extremes and headbang at A/R'sFrom the U-MLH, pullback down and up again, to bang the head at the A/R.
And for classic pattern recognition lovers, we also see kind a H&S.
From the U-MLH, we have a great chance that price comes down to the Centerline, as "Timing Is Key" found in the old documentaries from Andrews himself.
P!
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