GBP/USD - head and shoulders, neckline broke - pullback near
Hi all,
GBP/USD could be on a SHORT - here we have a overall downtrend (below 50EMA) and a head and shoulders pattern which has a
broken neckline and a pullback heading towards a key area (grey box).
Positions to consider taking a trade would be in the key area of the grey box or for a more conservative entry would be a touch of the EMA.
** this is not financial advice, this is for educational purposes only, all feedback is welcomed **
Good luck and trade safe
L
GBP/USD could be on a SHORT - here we have a overall downtrend (below 50EMA) and a head and shoulders pattern which has a
broken neckline and a pullback heading towards a key area (grey box).
Positions to consider taking a trade would be in the key area of the grey box or for a more conservative entry would be a touch of the EMA.
** this is not financial advice, this is for educational purposes only, all feedback is welcomed **
Good luck and trade safe
L
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