EUR/GBP: pound is talking to Indians
Read the article on FBS website
Recommendation:
SELL 0.8945
SL 0.9000
TP1 0.8845 TP2 0.8785 TP3 0.8745
On the daily chart, the inability of bulls to lead EUR/GBP outside of the long-term trading range of 0.87-0.902 points at their weakness. If bears manage to bring the pair to the middle of the consolidation range, a “Shakeout-Fakeout” pattern will be triggered. The chances of uptrend’s reversal will increase.
On H1 of EUR/GBP, a combination of “Three Indians” and 1-2-3 gives a powerful signal about the potential reversal. To begin with, bears need to pull the pair below an important support of 0.8945.
