EUR/GBP-4 Hour overview-Head and shoulders pattern
Hello everyone!
On a 4-hour, chart, we can see that the price formed very nice head and shoulders pattern.
-Head and shoulders is a reversal pattern and that means that the price may go in a bearish direction.
-On a daily base, EUR is stronger than GBP but on a 4-hour base, GBP is stronger.
-If GBP remains stronger then we can expect bearish movement.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
On a 4-hour, chart, we can see that the price formed very nice head and shoulders pattern.
-Head and shoulders is a reversal pattern and that means that the price may go in a bearish direction.
-On a daily base, EUR is stronger than GBP but on a 4-hour base, GBP is stronger.
-If GBP remains stronger then we can expect bearish movement.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.