GBPUSD INVERSE C&H PATTERN
When looking for a cup and handle pattern make sure you spot the handle forming a channel. The cup and handle spotted here is an example of an inverse pattern. Meaning the trend will break the channel and go bearish.
The arrows are pointing at areas of possible retracement zones from previous support or resistance.
Please be aware that these are solely based on my ideas and not meant to be taken as a signal.
Any comments are welcome!
The arrows are pointing at areas of possible retracement zones from previous support or resistance.
Please be aware that these are solely based on my ideas and not meant to be taken as a signal.
Any comments are welcome!
Trade closed manually
My short sell reached my TP on a 1:2 ratio. I am glad about that. Although, GBPUSD did not continue to sell it did go bullish into a resistance zone.
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