EUR/GBP: Selling it, check why!

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The curve has been broken and re-tested successfully.

Looks like we have a H&S pattern as well.

I am taking advantage of today's GBP strength to sell the pair.

The current channel has been broken as well.

I am targeting the 50% fib as T1 and 61.8% as T2.

Trade at your own risk.
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Added to my shorts @ 0.89670
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Forgot how boring this pair could be sometimes :-)
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Zoom on M15

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I will not go for T2 on this pair.

T1: 0.89320 will be my only target
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Finally some action?

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Re-testing the curve and the channel

Forgot how EUR/GBP is just a nightmare to trade for intraday traders 😅
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Bearish PatternsChart PatternsEUREURGBPGBPSELLTrend Analysis

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