We have a possible head and shoulders trade!
1 - Trend Continuation
2 - Head and Shoulders Complete
3 - Wait to break support at 120.0 (0.236 fib)
Enter short with:
SL: Above trend line channel
TP: 116.200 (head size).
Good Luck to everyone!!!
We mat have a bearish rectangle pattern on EURGBP at 4h chart.
We have to wait until price breaks the bottom of the rectangle. SL will be above rectangle, and targets 1.272 (strong weekly resistance) and 1.618 last down move.
Good Luck to everyone!!