J_Graystone
Short

EURGBP SHORT CONTINUATION TRADE

FX:EURGBP   Euro / British Pound
1306 views
19
1306 1
Following the Head and shoulders pattern break down, and perfectly respecting the slanted neckline, we have since seen further continuation to the downside.

Right now, we are seeing what I call a complex pullback which can be used to build a high probability entry zone.

First we have the Level of historic structure that has been respected more often than its been violated (when tested)
Second, we have the ABCD equal measured pullback
Third, we have a cluster of Fibonacci confluence including inversion, extension and retracement
Fourth, we have a test of the 2-/50 EMA zone

Nice level to enter short if you can get entry rules met.

Lets see what happens.

Good luck in the market this week.


Jason G
Well done, didn't see this in time to enter.
Reply
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out