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Euro / Sterlina
Short

EURGBP SHORT

Di riocosta
In EURGBP I am anticipating for a short position after price has rally back up the third time to make a new high but fails....there has been an exhaustion in the bulls strength to continue the upward moves hence making 'Mr Price' to forms a pattern known has the head and shoulder..... I will be anticipating price to break the support level @0.88903 which is in correspondence with my trendline and I will be looking for a retest at that level for a new trend continuation and will be riding it down to the next level of importance(support) @0.86748....that is where I will be looking for an opposing buying pressure.....
Chart Patterns
riocosta

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