MaxFaulkner

1H EURGBP Sell Opportunity

Short
FX:EURGBP   Euro / British Pound
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1
Just a quick trade. On the 1H chart EURGBP is looking to be a good sell opportunity. The head and shoulders formation is beginning to line up and the high wick of each shoulder is almost perfectly symmetrical. I am going to try to enter and hope that price falls down to my target but there is the chance that I will need to close early if price begins to struggle to fall.
Trade closed: stop reached: Incredibly annoying move there. Price has stopped us out and then fallen to the downside target. Let's move past this and try to look for some more good opportunities.

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