GBPUSD: Bearish Continuation Short
British Pound/U.S. DollarFXCM
Description
⋅
hey traders,
those who missed short from higher structure levels on GBPUSD
still, have an opportunity to catch a selling wave.
on 1H chart we see a formation of a head and shoulders pattern,
and the market has already broken below the neckline.
taking into account high accuracy of this pattern,
I expect to see bearish continuation to lower levels of structure.
Target levels are 1.28 and 1.27