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MMBTtrader
Jun 28, 2021 7:22 AM

GBPUSD new Head & Shoulders is forming & next resistances ahead  Short

British Pound/U.S. DollarFXCM

Description

AS we can see the price now is receiving local resistance here and if it starts to fall and break that local support that is neckline too, then continuation of bearish market is expected.

Targets and supports ahead :
A. 1.3830
B. 1.3780
C. 1.3720

Notice: some strong and best entry point as the seller mentioned on the chart too here price is facing local resistance so if it was strong enough to break our local pattern take look at next resistance level.

DISCLAIMER: ((trade based on your own decision ))
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Trade closed: target reached

The first target and support zone touched

Neck line break too
Comments
KlejdiCuni
Very nice analysis. Thanks for sharing mate.
Serana2324
Great work my friend!
Investroy
Agreed, let’s short it
jojofang0901
do agree with the bearish momentum to continue :) thx
FieryTrading
Excellent job here, Same idea, Thanks for sharing🔥
TheTradersAvenue
Thank you for you idea!
YMGroup
Nice chart
financialflagship
Clean chart and detailed analysis. Thanks for sharing your insights. 🙌
AtlasTrades
Good idea, agree!
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