The GBPUSD is making an intraday H&S pattern which is nearing completion.
Considering a short opportunity.
1. Entry - price to enter the 1.2185 - 1.2215 zone. Once there looking for selling pressure to enter.
2. Stop - 1.23 = any close of candle above this invalidates a reversal.
3. Target - Close of candle for the swing low around 1.1780
RR = 4+
Time interval , if it matches the uptrend from the swing low, would be 55 bars. This would play out over the next week , at a minimum.
Considering a short opportunity.
1. Entry - price to enter the 1.2185 - 1.2215 zone. Once there looking for selling pressure to enter.
2. Stop - 1.23 = any close of candle above this invalidates a reversal.
3. Target - Close of candle for the swing low around 1.1780
RR = 4+
Time interval , if it matches the uptrend from the swing low, would be 55 bars. This would play out over the next week , at a minimum.
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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.
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.