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British Pound / U.S. Dollar
Long
Updated

GBPUSD Long the Kumo Bounce

80
We got a move straight to the top of the long term cloud and then a big retracement towards the top of the short term cloud. This also coincides with the neckline of the previously formed head and shoulders pattern. Places where multiple supports confluence are usualy very good areas to open a trade. I expect the price to go back up to the top of the orange cloud and put my stop loss right below the right shoulder of head and shoulder formation.
Trade closed: target reached
Does not seem to be able to go higher so closed position
Honestcowboy
✅ Let me help you become profitable long-term.
Patreon -> patreon.com/ChartMuse
Patreon -> patreon.com/ChartMuse
Also on:
Head and Shouldersichimokuchartichimokuindicatorichimokukinkohyoichimoku_traderpullbackbuySupport and ResistanceTrend Linestrendlinebounce

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.
Head and Shouldersichimokuchartichimokuindicatorichimokukinkohyoichimoku_traderpullbackbuySupport and ResistanceTrend Linestrendlinebounce
Honestcowboy
✅ Let me help you become profitable long-term.
Patreon -> patreon.com/ChartMuse
Patreon -> patreon.com/ChartMuse
Also on:

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.