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YMI
Jul 21, 2019 9:13 PM

Potential Head & Shoulders on EUR/GBP  Short

Euro Fx/British PoundFXCM

Description

Looking for a retest of the .900 key level early this week before continuing to the downside

Downside Target 1 with a break of 0.8955 is .890

Trade closed: target reached

Filled short at the .90 level before dropping 90 pips into the .89 region
I now expect some consolidation before seeing if we get a continuation to the downside
Keep the higher time frame in mind as this is a near textbook H&S pattern which could cause a major trend reversal
Comments
Bullandbeartrading
Great H&S pattern catch my friend !
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