TradingView
Anpu
Feb 15, 2020 8:07 AM

GBPUSD | Inverse H&S Long

British Pound/U.S. DollarFXCM

Description

Please support this idea with LIKE if you find it useful.

Initiate Long.

Entry - 1.31133
TP1 - 1.38503
TP2 - 1.42264
TP3 - 1.46475
TP4 - 1.51890
TP5 - 1.57455
TP6 - 1.63772
TP7 - 1.71293
SL - 1.28877

Reason: Price formed Inverse H&S and already cross the resistance trendline. Also Price was supported by Pivot Point.

-Please consider to put your stop-loss below Pivot Point.

Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.

Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.

The information given is not a Financial Advice.
Comments
Aleksin_Aleksandar
Nice work
Anpu
@Alex_master_forex, Thank you for kind words!
Anpu
@Alex_master_forex, appreciate it)
ProjectSyndicate
gbpjpy 4h speculative H*S setup (NEW)
algoffar
If you use tf 1h/4h yes tren is up. But in weekly tf?do not rush to buy, wait untill big drop.
Anpu
@algoffar, did not understand your point :)
More