DavoodWadi
Long

Head and Shoulder Completion for the long entry in GBPUSD

FX:GBPUSD   British Pound / U.S. Dollar
Hello again,

We're currently sitting in a medium term correction of GBPUSD             and the current trend is bullish .

The previous resistant has been broken and if you want the longer term idea of what GBPUSD             is doing check my other trade idea.

Now the price is coming back down to retest the previous high of 1.6612 and I'm expecting it to bounce back to the top to push it up for the last time.

My stops go below the right shoulder at 1.6656
More conservative traders may place their stops below the head for safety.

My target is at 1.6671 which is the 1.618 projection.

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out