EURGBP: Top-Down Analysis & Trading Plan

7 Nis 2020

morning guys,

these next few days pay close attention to EURGBP pair.

the market has recently reached key daily support and we see a clear unwillingness of sellers to push lower.

on 1H the pair is currently forming the right shoulder of a head and shoulders pattern,
I want the neckline to be broken to the upside to buy the market.

my initial target will be 0.896
safest stop 0.8775

let's see how it unfolds :)