GBP/USD possible opportunity to short with H4 head and shoulders
With the recent changes in USD interest rates we are seeing a strong USD so that means pairs like GBPUSD, EURUSD, and USDCHF are falling. right now the only nice setup I see for a possible short is in GU. We have a clear head and shoulders formation in the H4 chart, the head being rejected by a monthly strong resistance, and the price is testing the neckline right now. We have to wait and see how price reacts to that zone but I think it may break it. Otherwise, it could go up and we could take the long.
Looking forward to reading opinions :)
Looking forward to reading opinions :)
Note
It seems like it may have broken the support zone. I took a 1% risk sell, and in the post I meant that USDCHF is going up :) my mistake.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.