fxswing

GBPUSD - Inverted H&S

Long
FX:GBPUSD   British Pound / U.S. Dollar
5
Inverted H&S pattern Setup
What I find interesting is that the trigger / neckline is at the Monthly pivot .
Trend is still down, and this trade is against it - Size it accordingly -


Entry: 1.5748 (Neckline / Monthly pivot )
Stop: below 1.5685 (100sma 1H)
Target: 1.5965 (Pattern target)

Trading success is not going to be entering winning trades, but how you exit your losing trades.