GBP USD TRADE SET UP. Short

British Pound/U.S. DollarFXCM

Description

⋅ Jan 21, 2024 12:02 PM

Here is my idea on GBP USD.

Trade confluence

1. Head and shoulders Pattern
2. Bouncing from the Neckline to retest the broken bearish market structure creating a LH
3. We are waiting for double top to complete at the reset level for entry short.

Maybe Not?