Short

GBPUSD Short

Updated

Expecting GBP to fail the current resistance level with a head and shoulders, at a retest of the rising wedge support level. This move could set up a possible cup and handle entry for a second test of the 1.256 level. This lines up well with what would be the .50 retracement level.

Happy Trading.

Trade active

Head and shoulders played out as expected. second peak did not reach as high as i planned. Good place for entry would have been break of neckline. looking to exit trade just before the .50 retracement.

Trade closed: target reached

Target Reached.

akhena10fx

Let the algo show you its hand.

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.