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AtlasTrades
Nov 14, 2022 12:59 PM

After formed head and shoulder pattern, EURGBP can start fall Short

FOREXCOM:EURGBP120
Euro / British PoundFOREX.com

Description

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Hello my friends, today I want to talk to you about EURGBP.

I made a few conclusions about British Pound.

Price made upward movement and then formed head and shoulders pattern.

I expect that price can break current support level and reach my first target which is located at $0.8660 level.

Also, I think British Pound can continue to decline.

For this reason I set up the second target at $0.8580 level.

I expect such a scenario.

This is an article not financial advice, always do your own research.

If you still have questions, you can write it in the comments below and I will answer them.

And please don't forget to support this idea with your like and comment, thanks.
Trend Analysis
Comments
FOREXN1
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Thanks mate !
JoeChampion
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Great
Serana2324
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This analysis is great, thanks
TheSignalyst
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clean head and shoulders here ;) nice spot mate. I don't know how I missed it
YMGroup
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Nice setup for EURGBP thanks mate !
Michael_Winner
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Nice EURGBP analysis, many thanks mate.💡
UnknownUnicorn15614419
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Pretty detailed review of the pair, but still, I'm curious to know. Do you take into account fund sales before analyzing? Do you somehow study their effect on the market?
AKaziL
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@TradingStat I think He’s not) Less priority to basic and more for some “work” expectation. But this is a market. Everything might go another way. Just stick rules and principles and never brake them
AnabelSignals
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Cheers, mate!
Solldy
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A good entry point for profitable trading. But the alternative scenario is unclear. What is the clear expectation plan?
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