HarrisonMit

GBPUSD Head & Shoulders Reversal

Short
OANDA:GBPUSD   British Pound / U.S. Dollar
Looking for a reversal trade as we come into tomorrow's session. GBPUSD had a decent run today, but now looking overextended and exhausted. However, we can still see some upside potential as we haven't, as yet had any confirmation of a reversal. I've marked out a range that i will be looking at and one idea will be a break and retest to the downside on the 5min chart. Currently we are seeing a right shoulder forming giving us a potential head and shoulders pattern. Let's see what the London session brings.
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.