Currently the GBPUSD. has formed a head and shoulders pattern which 9/10 indicated that the price is ready to break the neckline and go short. A break below the neckline of 1.4962 and happily short the price. As we can see a break below the neck line has formed and I'm looking to short the price for 200 pips.
Lets see how this plays out in the near future.
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