chris42

EURGBP - Possible head and shoulder pattern - WATCH THIS

Short
FX:EURGBP   Euro / British Pound
5
Depending on how the candles behave on this one, we might be seeing a classic Head and Shoulders pattern, which means that this extended pattern that has played out over the last few months could signal a YEARS LONG trend reversal for Sterling against the Euro 0.27% . Watch the candles over the next few days, and we might have our answer. Look for Pin Bars and Inside Weakness.

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