GBPUSD LONG
Hi traders this is the GBPUSD trade i drop the analysis yesterday, now it has shown us a buy bias already but significantly there is a retracement, we should like see a head and shoulder playing out here, the second shoulder is about to form, and as you all know the inverse head and shoulder is a bullish reversal pattern and it is important to wait for the second shoulder to form and reject before we enter our buy
at 4hr tf, the 200 and 50 MA are below the price level
waiting for the price to reject at 1.21766
at 4hr tf, the 200 and 50 MA are below the price level
waiting for the price to reject at 1.21766
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.