Rarely wrong on cable, as I mentioned yesterday, market in potential Head & Shoulder formation managed to hit the market with first drop so far toward 1.4325 level where market back to advance from intraday uptrend level.
GBP/USD
Overview:
Market still has room to advance to re-test resistance zone 1.4410-40 while as long as market holding below 1.4515 this H&S formation may drive market lower toward 1.3950 zone, where below 1.4325 expect farther drop along with this formation
Above 1.4515 market may enter new advance channel that may lead higher to test 1.4600-70 zone.
tradingsignalreviews.com
GBP/USD
Overview:
Market still has room to advance to re-test resistance zone 1.4410-40 while as long as market holding below 1.4515 this H&S formation may drive market lower toward 1.3950 zone, where below 1.4325 expect farther drop along with this formation
Above 1.4515 market may enter new advance channel that may lead higher to test 1.4600-70 zone.
tradingsignalreviews.com
Note
Getting there guys.... want to be moving those stops to breakeven ahead of NFPNote
almost 100 pips in the green nowNote
Target 1 Reached already in the green before nfpNote
Almost there keep with this guysNote
Hope you are all in some serious profits nowNote
1.42174 for potential reversal again hereNote
195 pips in the green since fridayTrade closed: target reached
Guys we're going to exit here ahead of the third target and book profits, +260 pips, enjoy those!
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Related publications
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.