Euro/Great Britain Pound forming a Shoulder Head Shoulder and make this break-out. But we should need to hope a pull back like this in the blue arrow sample to take best decision and short Euro. Meanwhile, we see a bearish divergence forming in the RSI where it's speak us the weakness in the trend in this par to shorting. The RSI indicator formed higher low in 3 occasion.
This it's the Shoulder Head Shoulder more better in H4 timeframe and we break out this neckline that we see. We hope next trade.
Also, in Daily timeframe, we forming a demand and supply zone that I drawed here
I hope that this analysis support you!!!
This it's the Shoulder Head Shoulder more better in H4 timeframe and we break out this neckline that we see. We hope next trade.
Also, in Daily timeframe, we forming a demand and supply zone that I drawed here
I hope that this analysis support you!!!
