Head and Shoulder + Ascending Triangle?
Updated
Classic chart pattern formed, these are my observations on the chart.
Possibilities of short with good bear mood sentiment
i look for swing short
structure bias towards bearish as market unable to make new HH.
breaking lower TL + neckline confirms bear jump thru the window.
please bear, don't wear parachute.
Possibilities of short with good bear mood sentiment
i look for swing short
structure bias towards bearish as market unable to make new HH.
breaking lower TL + neckline confirms bear jump thru the window.
please bear, don't wear parachute.
Note
Looks like GBPUSD forming Inverted HNS, and from Bearish perspective, its HNS.Now, that is interesting....i wait the breakout to follow (confirmation)
Trade active
Bullish mode kicked in.Break upper trendline. earlier analysis suggest to follow break out direction.
Long setup as follow:
Everybody has a plan until they get punched in the face
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.