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EURGBP Intraday Technical Overview Dec 17th

EURGBP Intraday Technical Overview Dec 17th

Our last call was a short entry based on a trendline breakout. We have reached our targets and trade was closed.

EURGBP Intraday Technical Overview And Short Trade Update: Targets Reached

 

EURGBP trading sideways manner within a rectangle.  On the bigger charts, the pair is trading on an ascending trendline.

On the smaller chart, an inverse head and shoulders pattern is being printed. Long opportunity at the breakout of the neckline. The targets will be 0.90250 and 0.90550.

A bearish breakout of the neckline and the rectangle can be used as a short opportunity. The targets will be 0.89300 and 0.89000.

Entry notification will be sent to members.

 

 

 

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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money

EURGBP: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

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