TradeswithTrend

GBPUSD Inverted H&S Breakout on Daily Timeframe

Long
FX:GBPUSD   British Pound / U.S. Dollar
Highlights:
- Last week GBPUSD broke out the inverted head & shoulder pattern indicates more bullish move on the upcoming week


Market Trend:
Price broke out resistance forming a new higher high

Momentum:
Bullish on the daily timeframe

Opinion:
- For buying opportunity, the price must stay above the current support level at 1.3000 area
- Look for price to retest on the lower timeframe for better risk and reward buying setup

Comments

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