FX:EURGBP   Euro / British Pound
163 0 3
Many expected to see a clear drop from a potential head and shoulder pattern. Unfortunately for us, we did not get any clear signals confirming the move.
I am looking for signals when price reaches the red zone.
If said zone is violated, price could potentially trade up to the next green zone, which would reach the trend line . We might see a bounce from there.
Since we are not seeing any divergence like we did on the previous move down, I will not taking any position on this pair for now.
Good luck
Comment: Careful for the 86 area! We did get a nice red candle, but that could be a simple retracement!
snapshot
Comment: As expected, EG just reached the zone we were looking for.
If the day close a shooting star, combined with a clear MacD divergence, we could have a nice trade setup.
Let's get ready
snapshot
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