darcsherry

GBPUSD | Live position review | Follow-up details

Long
FX:GBPUSD   British Pound / U.S. Dollar
Remember we identified an inverse head and shoulder structure during the course of last week's trading session and we have been waiting for close to a week for the price to incite the reversal move. In this video, we have identified a set-up that appears to guide us into the potential wagon of bullish momentum but this requires a very conscious approach considering the long term bearish perspective on a higher time frame. You might want to see my previous analysis in the link below for a better peep into the thought process behind this.

Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.

Trade smart. Trade consciously
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.