"Monthly harmonic pattern in play" by trader themarketzone — published November 03, 2016

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Euro / British Pound (FX:EURGBP)

FX:EURGBP Euro / British Pound

EURGBP EURUSD GBPUSD BOE

eurgbp eurusd gbpusd boe

Towards GBP data and rate decision - EURGBP with monthly harmonic pattern ( bearish ) in play.
The pattern was triggered near 0.92 and suggests that EURGBP may be heading for a monthly correction wave..
Potential target - 0.85 (monthly)

Comment: Already 200 pips profit from the Cypher reversal zone

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