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MrDons

Head and Shoulder + Ascending Triangle?

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
MrDons Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns short hns tfspriceactiontrading gbpusdshort
5
0
trendanalysis chartpattern short hns tfspriceactiontrading gbpusdshort
Classic chart pattern formed, these are my observations on the chart.
Possibilities of short with good bear mood sentiment
i look for swing short
structure bias towards bearish as market unable to make new HH.
breaking lower TL + neckline confirms bear jump thru the window.

please bear, don't wear parachute.

snapshot
Comment:
Looks like GBPUSD forming Inverted HNS, and from Bearish perspective, its HNS.

Now, that is interesting....i wait the breakout to follow (confirmation)

snapshot
Trade active:
Bullish mode kicked in.
Break upper trendline. earlier analysis suggest to follow break out direction.

Long setup as follow:

snapshot
Everybody has a plan until they get punched in the face
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