We can see a rising parallel channel . It also seems a flag. 5 wave will complete at 1.2405 - 1.2425. I will short it at these levels
Hello traders, I see to be formed inverted HS Pattern in GBPUSD. 1.2230 level is necline level. So, above this level, the pattern goal is 1.2380. 1.2380 is also the big HS pattern's necline. Thanks. Good luck.
Big H&S Patern.RSI, Stoch divergence, Price is at horizontal and trend line resistance. Short it between 1.3380-1.3405. Stop above 1.3420.