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GemtradesFX
Jul 5, 2020 5:14 PM

EURGBP SHORT Short

EUR/GBPOANDA

Description

Still looking like an uptrend on the daily.
However the lower time frames are looking bearish.

Do we have a possible H&S forming?
The top of the potential right shoulder lines up with the 0.382 FIB indicating further bearish movement

If we get a break and retest of the right shoulder (also the 0 FIB) we could see a new downtrend and opportunities for shorts
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