Nice head and shoulder pattern forming on the daily chart – been watching it since yesterday. Looking ahead to the the Draghi speech later today – could we see some Euro weakness that could drive this pair down?

EURGBP Daily

Right shoulder at MM3 having come off MS1.

EURGBP H4

Yesterday price fell at WR1 and is now in a range between MM3 and WM3

EURGBP H1

I'll wait for a break of WM3 and then look at selling the pull back

EURUSD H4

Taking a look at EURUSD currently at MM3 and WR1 - failing to have made a higher high since dropping from the no fly zone.

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"When there is a gap you either commit yourself as a professional racing driver that is designed to win races or you come second, you come third or you come fifth. And I am not designed to come third, forth or fifth. I race to win. And if you no longer go for a gap that exists, you are no longer a racing driver." Aryton Senna

Ryan Gandalf van Jaarsveld
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