Phoroneus

EURGBP - Possible Head and Shoulders - WATCH THIS ONE

Short
FX:EURGBP   Euro / British Pound
Depending on how the candles behave on this one, we might be seeing a classic Head and Shoulders pattern, which means that this extended pattern that has played out over the last few months could signal a YEARS LONG trend reversal for Sterling against the Euro. Watch the candles over the next few days, and we might have our answer. Look for Pin Bars and Inside Weakness.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.