Shoulder Head Shoulder inverted in formation!!!
Hello guys, in this technical analysis EUR/GBP is have a possibility a Shoulder Head Shoulder inverted in H4 timeframe.
In Daily we continue so bullish for mid-term and long-term in EUR/GBP
in H4 we are with 2 indicators that are overbought and that mean a possible drop of the price, so both indicators RSI and MACD are overbought, specially MACD show a possible sell signal in EUR/GBP.
Also, in H1 we have the same situatin and we mark 2 candlestick, we have a bear Doji and the formation in H4 a good entry in short in the candlestick if you entry in H1 timeframe. Also, in H1 timeframe in the higher lower we will having a candlestick a bearish hammer and that mean that price is weak!!!
So, more later I will going to add in the discussion the fundamentals to take in noticed in this par EUR/GBP.
In Daily we continue so bullish for mid-term and long-term in EUR/GBP
in H4 we are with 2 indicators that are overbought and that mean a possible drop of the price, so both indicators RSI and MACD are overbought, specially MACD show a possible sell signal in EUR/GBP.
Also, in H1 we have the same situatin and we mark 2 candlestick, we have a bear Doji and the formation in H4 a good entry in short in the candlestick if you entry in H1 timeframe. Also, in H1 timeframe in the higher lower we will having a candlestick a bearish hammer and that mean that price is weak!!!
So, more later I will going to add in the discussion the fundamentals to take in noticed in this par EUR/GBP.
Trade active:
Seguimos manteiendonos bajista. Entrada en short oportnidad de re-entrada.
Comment:
I'm sorry, but that is in spanish. I speak spanish too, Well ,I will going to traduced here: We continue in short and there are another re-entry in short posiiton in EUR/GBP