I hold my short positions on EURGBP pair.
My intermediate term targets are 0.85600 and 0.85000.
0.86200 is the key support.
If the pair breaks below 0.86200, it is likely to test 0.86050.
A Bullish Shark pattern would be completed at 0.86050. This pattern can be used as a near term buying opportunity.
The Setup of the Pattern:
Trade: Long
Entry: 0.86060 - 0.85000
Stop: Below 0.8582
Target 1: 0.86200
Target 2: 0.86360
Ultimate Target : 0.86480
My intermediate term targets are 0.85600 and 0.85000.
0.86200 is the key support.
If the pair breaks below 0.86200, it is likely to test 0.86050.
A Bullish Shark pattern would be completed at 0.86050. This pattern can be used as a near term buying opportunity.
The Setup of the Pattern:
Trade: Long
Entry: 0.86060 - 0.85000
Stop: Below 0.8582
Target 1: 0.86200
Target 2: 0.86360
Ultimate Target : 0.86480
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