Bearish Shark EurGbp 1h.

19 feb 2014

Bearish Shark in EurGbp 1 hour chart. Fibs fit quite well and the PRZ is totally concise, so that fourth leg goes to 2.24 at the same zone as the whole fib pattern at 0.886. We should take a look at RSI and price structure when PRZ were reached and check out if divergence exists. Lack of divergence could add some risk to the trade.