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mngFX

EURGBP, Bearish H&S, Short term sell

Short
Euro / British Pound (OANDA:EURGBP)  
mngFX  
OANDA:EURGBP   Euro / British Pound
Head and Shoulders Multiple Time Frame Analysis Parallel Channel Technical Analysis beyondtechnicalanalysis headshoulders fundamentalanalsysis riskmangement Contains image
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headandshoulders mtfa parallelchannel technicalanalysis beyondtechnicalanalysis headshoulders fundamentalanalsysis riskmangement containsimage
Price action is in a down trend as we can see on the HTF price is moving within a decending channel. Looking at the LTF we can see a short term sell opportunity as price is potentially completing the right shoulder of a Head & Shoulders pattern which in nature is a bearish indicator.

Look for a short entry around the neck line of 0.885 that fits your trading plan.

Thanks
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