TradingView
CHARTER_BOX
May 14, 2021 9:48 AM

GBPUSD Tank Short

British Pound/U.S. DollarFXCM

Description

After price formed a H&S pattern above 1.41000, seeing highs since late Feb, price is now looking to form its lower high once it manages to retrace at 1.40970 and a break in the intraday (orange) trendline with the help of the Fib tool and may tank to 1.39800 . If move to 1.39800 is confirmed it may then bounce off the H4 trendline that there and we could most likely see very strong buys. Thank you for tuning in!
#charter_box
#walkittalkit
Comments
DeGRAM
You’re inspiring!
CHARTER_BOX
@DeGRAM Thank you!
Lingrid
What your stop los?
CHARTER_BOX
@Lingrid Awaiting Double Tops formation to take out stop hunts
CHARTER_BOX
@Lingrid, now that structural formation was obeyed. SL can now be placed at 1.41250
More