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EUR/GBP Bullish T-89 Pattern Points North to the W H3 Camarilla

Nenad Kerkez
Updated

Dear Traders,

The EUR/GBP has formed an inverted head and shoulders pattern as the price is rejecting above W l3 camarilla support.

0.8580-90 is the zone where the price might bounce. We can also see HVT trading setup within the marubozu bullish candle as the price is rejecting off the 88.6 fib of the HVT candle (diamond). Targets are 0.8610 and 0.8650. Have in mind that any Brexit headline can spike up or spike down the price as the headline risk is still big. Due to NFP this week, markets are slower and mostly kept within the range so using profit stop is advised.

The analysis has been done with the CAMMACD.MTF template.

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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

This article was originally posted on FX Empire

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