GBPUSD preparing for Inverse head and shoulders formation
Updated
Hello Guys, I am back again with another analysis.
Note that I am a clean chart trader, I believe it is easier to read a naked chart and interpret its movements. I am sending this analysis to those who are waiting for the right entries.
This market looks good for buys as we can see that a breakout from the downtrending channel has already happened, all we should be waiting for is the last shoulder that would complete the inverse head and shoulders pattern for execution.
Feel free to add and commment what you think. YAY/NAY???
Note that I am a clean chart trader, I believe it is easier to read a naked chart and interpret its movements. I am sending this analysis to those who are waiting for the right entries.
This market looks good for buys as we can see that a breakout from the downtrending channel has already happened, all we should be waiting for is the last shoulder that would complete the inverse head and shoulders pattern for execution.
Feel free to add and commment what you think. YAY/NAY???
Trade closed: target reached
TP HIT. CGFX
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.