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NDOBObanks
Mar 13, 2024 7:25 AM

GBPUSD Head and Shoulders Pattern Breakout Short

British Pound/US DollarSaxo

Description

We expect further downside on this pair, signalled by the formation head and shoulders pattern breakout. We can also see the breakout of a short-term trendline and key level supports our directional basis

Trade closed: stop reached

Comment

Pair still moving in intended direction 1 week later

Comment

Pair is still down 1 month after the signal
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