- Inverse head and shoulders pattern forming on EUR/GBP
- Recent correction has retraced an appropriate amount with price settling at the 61.8% retracement
- Price expected to make its way back upwards testing the HTF 61.8% fibonacci with a mid-term target beyond that at the full 100% retracement
- Long positions advised with a stop below the right shoulder AND 61.8% fibonacci
- If price hits stop, potential re-entry and second attempt at longing at the next support
