4hr GBPUSD Patterns in patterns
Updated
As you can see marked out on my charts, the yellow arrows show the top of a massive double-top structure. Both these structures have tested and could not break the 200ema(white line, red arrow) which acts as a very strong support\ resistance.
The second leg of this double top is forming a head and shoulders at the 200ema resistance, and if you look closely, the head of the head and shoulder structure is actually a double top. If you go into smaller time frames you will also see these structures within structures. Its magic lol.
Boost me if you like what I post. Dont be shy
The second leg of this double top is forming a head and shoulders at the 200ema resistance, and if you look closely, the head of the head and shoulder structure is actually a double top. If you go into smaller time frames you will also see these structures within structures. Its magic lol.
Boost me if you like what I post. Dont be shy
Trade active
60pips drop, some retrace..But we should go down more for the next few daysTrade active
Second leg head and shoulders starting to play out nicelyNote
Looks like we had a stop hunt today, but the head and shoulders is forming even better now, they pushed it up to make a higher shoulder...Still think we will fall. Jumped back in for a sell with smaller lots
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