FX:GBPUSD   Pound Sterling/U.S. Dollar
122 1 2
Zoomed in on the 5 min chart some nice ABCD Pattern setups but obviously market is moving between 1.6075 - 1.6000 and has moved into the upper channel... Right now I'm only looking for a short signal structure in PRZ2 a double top would be nice something like that.... Else it looks like a head and shoulder pattern might be forming, We need some more structure for that... Not really good signals at the moment any trade I took has all been a 20-25 pip target. I'm hoping for a bearish harmonic signal near PRZ2 zone.
Well we got our double tops... But I don't like the formation... 1.6075 is still reachable...a 3th try and a rejection of the 1.618 would confirm short entry.. else keep an eye out of 1.6015
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