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Euro / British Pound
Short

H&S Short Setup

By Proszi
After breaking out of the ascending trendline, we are now retesting it on the H&S pattern and previous resistance highlighted in green. Furthermore, the 0.618 fib level has also shown it's presence there providing us with a solid zone of confluence to potentially open a short position from.
confluencetradingFibonacciFibonacci RetracementHead and Shoulderspullbackretest-structureshoulderheadshoulderTrend Lines
Proszi

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