British Pound / U.S. DollarUpdated Beautiful chart pattern on GU
EVEN THO this looking appetizing and attracting remember that the market remains the market!
this right here is a clear beautiful INVERTED HEAD and Shoulders chart pattern with the neckline being clearly broken!
However lets not just jump in and follow "the textbooks definition of how to trade this pattern" especially with everything that is going on around!
In my Point Of View there is still the level 1.30684 that could cause problems if price fails to clearly brake and CLOSE above it. Once CLEARLY broken and violated i believe there wont be no stopping this pair from reaching the highs of 1.32817!
this right here is a clear beautiful INVERTED HEAD and Shoulders chart pattern with the neckline being clearly broken!
However lets not just jump in and follow "the textbooks definition of how to trade this pattern" especially with everything that is going on around!
In my Point Of View there is still the level 1.30684 that could cause problems if price fails to clearly brake and CLOSE above it. Once CLEARLY broken and violated i believe there wont be no stopping this pair from reaching the highs of 1.32817!
Note
we back above the neckline and now trying to break to the upsidekeep an eye out for the break n close above 1.30680
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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.