I AM A GOLD TRADER, but this pair caught my attention as it reminded me of a previous chart i posted 3 months ago on XAUUSD which made profits, and similarly EURGBP looks to be very similar. If you look at my previous idea, on a weekly chart you will see the similarity in price action which i am speaking of and understand what i am stating.
EURGBP:
- Looks to be forming a H&S on a weekly time frame.
-There also seems to be a gap at 0.81562
- The pair looks to be wanting to test a previous MAJOR resistance line, which will become future support (As shown on chart)
Therefore, i am short.
Target: 0.81562
Note *This is a swing trade, may take months to terminate*
$$$$
EURGBP:
- Looks to be forming a H&S on a weekly time frame.
-There also seems to be a gap at 0.81562
- The pair looks to be wanting to test a previous MAJOR resistance line, which will become future support (As shown on chart)
Therefore, i am short.
Target: 0.81562
Note *This is a swing trade, may take months to terminate*
$$$$
^ Link to the similarity i was referring to