EURGBP H4 Chart Overview And Short Opportunity
EU and UK CPI are scheduled to release.
We have two emerging harmonic patterns on the H4 Chart.
Setup for Bearish Gartley Pattern
Stop Loss: 0.8710
Target 1: 0.86400
Target 2: 0.86000
Target 3: 0.85800
Update: As seen on the below chart, a bullish white swan would be completed at 0.86450. This pattern may cause a minor bullish retracement. I will close 70% of my positions at 0.86450.
Intraday Traders & Scalpers may use this pattern as a buying opportunity. Targeting 0.86600.
Update: 0.86400 Reached. We took partial profit.
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DISCLAIMER: This is a technical analysis study, not 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