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EURGBP Short Opportunity
Back in March the EURGBP had undergone a trend reversal showing an inverse head and shoulders pattern on the daily chart. immediately following that In towards the end of April another it seems as thought head and shoulders pattern has appeared on the daily chart signalling a trend reversal.
Price had already created the Left shoulder and Head in the previous weeks. Now price has come to an area of resistance between 0.84924 and 0.84474 which is the right shoulder of the head and shoulders pattern.
Going down towards the 4hr chart waiting entry around resistance zone having a risk:reward ratio of around 2:2 puttinh and my stop loss above the resistance zone.
Price had already created the Left shoulder and Head in the previous weeks. Now price has come to an area of resistance between 0.84924 and 0.84474 which is the right shoulder of the head and shoulders pattern.
Going down towards the 4hr chart waiting entry around resistance zone having a risk:reward ratio of around 2:2 puttinh and my stop loss above the resistance zone.
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