GBPUSD Head and shoulders
I would like to try and trade this head and shoulders in GBPUSD by dropping to the H1 chart and looking for the price to reach the buy zone as marked on the chart. We can get a great risk:reward here as final target could be close to 1:6 or 7 maybe even higher, depending on where exactly the entry could come if we see the price pushing to the zone.
Look for false breaks and divergence once the price is inside the buy zone. Protect the trend line and/or the closest support zone.
Look for false breaks and divergence once the price is inside the buy zone. Protect the trend line and/or the closest support zone.
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