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Sisi_Otashi
Jun 5, 2021 10:52 AM

GBPUSD forecast for week 23 (2021.06.07 - 2021.06.11) Short

British Pound/U.S. DollarFXCM

Description

Here is my idea about GBPUSD for next week. After breaking the higher low, my previous idea was canceled and I closed my buy position, thanks to the pullback on Friday.

In the daily time fram we can see an inverse head and shoulders pattern and a rising wedge pattern. Higher low of the wedge pattern brocken and we see pullback on Friday. So my forecast is correction till H&S's neckline or continuing short in the right shoulder area.

Good luck to everyone and have a safe and profitable week. Please share your idea in the comment. Thanks!

Trade closed manually

Trade closed manually

Trade closed manually

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