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!