EUR/GBP price pattern technical outlook forecast

When EUR/GBP Send You Running for Cover

i will make it quick from looking at the charts we can see  The Butterfly pattern 
Butterfly harmonic patterns are high probability trade setups that identify reversals in trends. Bearish butterfly harmonic chart pattern suggests a short entry upon completion of the pattern. It is an ABCD harmonic chart pattern, A short entry is suggested when the D point of the pattern in confirmed. The stop loss for the order should be placed at the upper resistance level. The take profit for the order should be placed at the 38.2-88.6% Fibonacci retracement of CD, depending on the fundamental analysis.
B and C points can also be traded, if the entries are confirmed by this pattern starts with a long pullback, and is followed by a price rise and a breakdown in the continuation. Execution speed is critical as the butterfly can identify quick breakdowns in the price
the technical look will probably take the pair to 0.7920-60 area – D point 

eurgbp pattern

This review does not including any document and / or file attached to it as an advice or recommendation to buy / sell securities and / or other advice

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