GBPUSD Setup opportunity
Right now we are sitting inside of a daily/4hr consolidation range on this pair. Price is sitting right under 1.36. Price has formed an inverted head and shoulders giving us a possible setup. If we break above neckline, then we can see a buy up into the red zone around 1.36230. I would look for selling pressure in that red zone. If we don't get a neckline break I would look for a sell with a stop @ or just above 1.36
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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.