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UnknownUnicorn485324

EUR/GBP Head and shoulders forming

Short
Euro / British Pound (FX_IDC:EURGBP)  
UnknownUnicorn485324  
FX_IDC:EURGBP   Euro / British Pound
EURGBP Head and Shoulders downtrend Moving Average Convergence / Divergence (MACD) Divergence Exponential Moving Average (EMA) Exponential Moving Average (EMA) Daily Charts Weekly Charts priceaction
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eurgbp headandshoulders downtrend macd divergence ema ema daily weekly priceaction
After 01/17 strong bear move, the possibility of h&s forming on EUR/GBP is now taking a solid shape. Should we break Daily 50 ema, next stop would be the neckline @ 0.83800, coinciding with Daily 200ema/Weekly 50ema.
Bearish MACD divergence is just the icing on the cake. Of course as always let's respect price action and wait for a confirmation of the direction before committing to a trade.
Cheers!
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