Eur/Gbp: 21st September 2016
The "Euro" put in a Shooting Star candlestick on a test of resistance against the British Pound.
We could possibly be looking at a bearish move.hinting a turn lower may be ahead. A reversal here may give us a right shoulder with will then proceed to give u a "Head & Shoulders" formation which began from around late June. The current setup that is shown is a simple intraday move but if price looks to move lower past "0.8500" our next target should be set at "0.8400"
A break of this support zone and our trend line will complete the "H&S" formation which should give us a great bearish move with the right risk and reward
Please leave a comment,like and share.
We could possibly be looking at a bearish move.hinting a turn lower may be ahead. A reversal here may give us a right shoulder with will then proceed to give u a "Head & Shoulders" formation which began from around late June. The current setup that is shown is a simple intraday move but if price looks to move lower past "0.8500" our next target should be set at "0.8400"
A break of this support zone and our trend line will complete the "H&S" formation which should give us a great bearish move with the right risk and reward
Please leave a comment,like and share.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.