After a strong rally today,
EURGBP
looks as though it is ready for a pullback. A bearish bat is complete at the same level of the completion of a bearish crab. Stops are placed above strong S/R with targets at the .382 and .618 retracement of CD.
Confluence in the PRZ:
1. Bearish bat pattern completion
2. Bearish crab pattern completion
3. 2.618BA projection
4. 4.618BC projection
5. Strong resistance area
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EURGBP
looks as though it is ready for a pullback. A bearish bat is complete at the same level of the completion of a bearish crab. Stops are placed above strong S/R with targets at the .382 and .618 retracement of CD. Confluence in the PRZ:
1. Bearish bat pattern completion
2. Bearish crab pattern completion
3. 2.618BA projection
4. 4.618BC projection
5. Strong resistance area
Thanks for viewing and please take a second to click the thumbs up and follow for future updates and more trade ideas!
