EUR/GBP-4 Hour overview-Head and shoulders pattern
Hello everyone!
On a 4-hour, chart, we can see that the price formed very nice head and shoulders pattern.
-Head and shoulders is a reversal pattern and that means that the price may go in a bearish direction.
-On a daily base, EUR is stronger than GBP but on a 4-hour base, GBP is stronger.
-If GBP remains stronger then we can expect bearish movement.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
On a 4-hour, chart, we can see that the price formed very nice head and shoulders pattern.
-Head and shoulders is a reversal pattern and that means that the price may go in a bearish direction.
-On a daily base, EUR is stronger than GBP but on a 4-hour base, GBP is stronger.
-If GBP remains stronger then we can expect bearish movement.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.