VitruvianTrader
Short

EURGBP Bearish Analysis

FX:EURGBP   Euro / British Pound
Head & Shoulders/ Libra Pattern forming.

I am short from .8525, more conservative traders can wait for a neckline break and close, or a break and retest (or 618 pullback) in order for confirmation that bears can take control of the market. Target is the green box structure zone.
Comment:
snapshot


Analysis on the 1 hour. neckline already broken? will the flag have a downwards breakout?
Trade closed: stop reached: Good thing I moved my stop loss to just above the flag structure on the 1 hour. Stopped out about +15 pips
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