Head and Shoulders - GU
Updated
Here I have GBP/USD on the 30 Min Chart!
We currently have price outlining 3 different Highs outlining what looks to be a Head and Shoulders Pattern on top of the Support or "Neckline"!
I believe we could be seeing a possible Reversal coming!
**Chart Patterns are known to fail 1/3 of the time so BEWARE OF FALSE BREAKS!
-Pattern Prediction-
If Price Breaks and Closes above 1.27085, Pattern INVALIDATED!
If Price Breaks and Closes below 1.26729, Pattern CONFIRMED and will initiate Trade Action Plan!
We currently have price outlining 3 different Highs outlining what looks to be a Head and Shoulders Pattern on top of the Support or "Neckline"!
I believe we could be seeing a possible Reversal coming!
**Chart Patterns are known to fail 1/3 of the time so BEWARE OF FALSE BREAKS!
-Pattern Prediction-
If Price Breaks and Closes above 1.27085, Pattern INVALIDATED!
If Price Breaks and Closes below 1.26729, Pattern CONFIRMED and will initiate Trade Action Plan!
Comment
It would seem price has INVALIDATED the Head and Shoulders set-up and is now looking like a BULL FLAG formation!
Novi_FIbonacci
Telegram - t.me/+l3fTcsZu91ZiZDkx
Telegram - t.me/+l3fTcsZu91ZiZDkx
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