EURGBP. Potential H&S Pattern

Although, a first target from a giant Cypher pattern pullback has been achieved, I expect further decline on this pair before it runs above the Parity.

A potential Head&Shoulders pattern is forming which, if compelted, would bring the pair to 0.76 area. This would complete the leg B correction and start the leg C which should bring the pair above Parity.

Will short 0.86, targeting 0.76 to be achieved before the end of the year.

Comment:

We´ve spent last 17 days in a range from 0.85 to 0.83. Looks like the FED´s decision hasn´t been played on this pair. Let´s wait for tomorrow´s BOE.

Comment:

Right shoulder forming. Shorts will be placed very soon

Trade active:

Shorted 0.8570 on Friday, want to short more

Trade active:

After printing off a right shoulder, the price has finally started to move in the good direction. Looks like we will start with a Cypher pattern which will mean a bullish correction in the pair and that correction can be sold

Comment:

Probably, more bull coming. has to be followed carefully

Comment:

Time to sell

Comment:

Bullish Gartley has been confirmed and currently developing it´s targets as show on the chart. In my opinion, these are entry points for a long-term short position. Stop-Loss would be placed above 0.88

Comment:

It hasn´t even reached the 61.8 retracement before going down. Should find another entry point