British Pound / U.S. Dollar

Long

completed head and shoulders pattern and oversold market

By VasilyTrader

Updated

snapshot

hey guys,

we have a great buying opportunity on pound dollar pair.
oh a 4h chart we see a completed bullish abcd pattern.
also, looking left we see that the market is approaching a decent level of structure right now.

snapshot

formation of a h&s pattern leaves us clues that with high probability we will see a pullback.

targets are based on structure.

stop below head.

good luck!

Comment

test of the market support and bounce

Comment

close to initial target

Comment

hit the initial target

Comment

Market is going higher

Trade closed: target reached

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