GBPUSD is now heading towards an important level after breaking the recent small head and shoulders support/neckline around 1.25900, we expect the price to fall at the market open to this level at $1.23250, basically the market has already had broken the ascending channel at $1.27900 due to the head and shoulders formation.
The "Head" - @1.31280 and shoulders price level can be seen at @$1.28050. This pattern is clearly seen on the lower time frames - 4H and H1 and the market appears to be making another head and shoulders formation and this tells us that more bearish market is on the way.
🔥: GBPUSD SETUP: NEUTRAL
🔥BUY ZONE: $1.23180
🔴SL: - $1.2285
🟢TP - $1.2601
Next
🔥SELL Zone: $1.2678
🔴SL: - Open
🟢TP - $1.2340
🟢TP - $1.1992
The "Head" - @1.31280 and shoulders price level can be seen at @$1.28050. This pattern is clearly seen on the lower time frames - 4H and H1 and the market appears to be making another head and shoulders formation and this tells us that more bearish market is on the way.
🔥: GBPUSD SETUP: NEUTRAL
🔥BUY ZONE: $1.23180
🔴SL: - $1.2285
🟢TP - $1.2601
Next
🔥SELL Zone: $1.2678
🔴SL: - Open
🟢TP - $1.2340
🟢TP - $1.1992
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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.