Forex Positive

EURGBP hovering near inverse head and shoulders neckline

FX:EURGBP   Euro / British Pound
Some numbers on this inverse head & shoulders ( H&S ).

a) tip of head is at 0.6950
b) neckline is 0.7500
c) total height of inverse H&S is thus about 550 pips
d) the projected price target for the completion of the pattern is at 0.8050.

EURGBP             has not broken decisively above the neckline (in blue zone). As such, if there is a pullback towards 0.7400 support zone , it offers a good chance to go long.

Long EURGBP             0.7400
SL 0.7350
TP1 0.7750
TP2 0.8050
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
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