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xAB777

EURGBP A nice 1:5 Short Setup

Short
Euro / British Pound (FX:EURGBP)  
xAB777  
FX:EURGBP   Euro / British Pound
Technical Indicators Chart Patterns Trend Analysis EURGBP eurgbpshort eurgbpsell eurgbpanalysis eurgbpforecast
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indicator chartpattern trendanalysis eurgbp eurgbpshort eurgbpsell eurgbpanalysis eurgbpforecast
hello traders

eurgbp has formed a head and shoulders pattern on a strong resistance level .

the same resistance level also happens to be the 61.8 golden fibbonacci zone if you do a fib retracement on weekly tf the daily candle also rejected that level with a inversed hammer .

wait for the price to come and retest the neckline and we might see our nice setup play out.
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