Massive H&S pattern, get short then long

FX:EURGBP   Euro / British Pound
The weekly chart is pretty interesting looking here for a few reasons:

1) we had a large channel break and have run up steadily into 4 year old resistance (8800 area)

2) if resistance holds, I want do short below 8800 for 100-200 pips, maybe more but at least that. Then look for an entry long around the .8000 level

3) if this all plays out we could see 600-1000 pips of movement long term.

This pattern is huge and could take a long time to play out.

The short term opportunity is to short trend line breaks as long as price stays below 8800, looking for 8650 and below as potential targets.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out