Potential Head and shoulders on GBPUSD
what we can see from GBP/USD is that we rejected from the (1.29600) area. now, this pair seems very bearish even though we did reject from that area we can possible see a potential Head and Shoulder's pattern so we might head up to form a right shoulder (1.36700).
if it completes a right shoulder, expect to short down to major support then to take profit (1.27994).
Simple enough? GREAT! happy trading everyone!
if it completes a right shoulder, expect to short down to major support then to take profit (1.27994).
Simple enough? GREAT! happy trading everyone!
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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.