1h
4h
Daily
Looking to take this short on
GBPUSD
Daily Has formed a Bearish W, simple lower highs and lower lows.
Has been rejecting the 78.6 for some time now.
4H: The 4h has reacted well from the higher timeframe zone, the first position is risk-free. Sniped :)
1H: Would love to take this 1h pattern, A head and shoulders, bearish w, and a head and shoulders within the 4th leg of the BW.
WIll monitor GU closely and update this analysis as time goes on.
4h
Daily
Looking to take this short on
GBPUSD
Daily Has formed a Bearish W, simple lower highs and lower lows.
Has been rejecting the 78.6 for some time now.
4H: The 4h has reacted well from the higher timeframe zone, the first position is risk-free. Sniped :)
1H: Would love to take this 1h pattern, A head and shoulders, bearish w, and a head and shoulders within the 4th leg of the BW.
WIll monitor GU closely and update this analysis as time goes on.
Tagged me in, 3rd entry is Risk free.
Hope you enjoyed this analysis