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harisonhbn9718
May 1, 2022 11:51 PM

EUR/GBP: Shoulder Head Shoulder Short

Euro / British PoundFOREX.com

Description

Euro/Great Britain Pound forming a Shoulder Head Shoulder and make this break-out. But we should need to hope a pull back like this in the blue arrow sample to take best decision and short Euro. Meanwhile, we see a bearish divergence forming in the RSI where it's speak us the weakness in the trend in this par to shorting. The RSI indicator formed higher low in 3 occasion.



This it's the Shoulder Head Shoulder more better in H4 timeframe and we break out this neckline that we see. We hope next trade.



Also, in Daily timeframe, we forming a demand and supply zone that I drawed here

I hope that this analysis support you!!!



Comments
harisonhbn9718
re entry again to short. tbe same target and SL to 0.8426
harisonhbn9718
I put in sell order limit to 0.8383 GBP and SL to 0.8417 GBP and target to 0.8311 GBP
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