It seems like we have a valid H&S pattern amidst massive MACD divergence,
If H&S fires, we can expect a huge drop all the way towards 1.25
We might see some limited support at 1.29, after that it's pretty much clear.
Stops above 1.3145 target set at 1.2550
GBPUSD
If H&S fires, we can expect a huge drop all the way towards 1.25
We might see some limited support at 1.29, after that it's pretty much clear.
Stops above 1.3145 target set at 1.2550
GBPUSDTrade closed: stop reached
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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.