We are currently on the left shoulder headed down towards 0.382 Fib level. Break of 0.236 fib level indicates a larger move down to complete left shoulder. The 0.236 Fib level, which was previously support, now looks like a great resistance area. First target is indicated by red highlighted area.
Tuesday, January 31, 2017
$EURGBP Daily Head and Shoulder Pattern
About ashaab
Been trading the forex market since 2003. Learned a lot of different trading strategies and met some good traders willing to teach me. At the end i have choose ichimoku and Harmonic patterns as my main strategies beside using support and resistance. I will share in this blog about my trading activities and trade analysis. Hope who ever read my blog will find it useful..
Technical Analysis
Labels:
EURGBP,
Forex trade setups,
Technical Analysis
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Please do not enter any spam link in the comment box.