VasilyTrader

EURGBP: Confirmed Bearish Reversal?! 🇪🇺🇬🇧

Short
OANDA:EURGBP   Euro / Livre Sterling

Take a look at that huge rising wedge pattern on EURGBP on a daily time frame.
This week, the price formed a head and shoulders formation within its boundaries.

Yesterday, the price formed an imbalance bearish candle and violated both
the neckline of the pattern and the support of the wedge.

It signifies a change of character on a pair and a highly probable bearish continuation.
The market will most likely drop to 0.8625

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