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rcjugg
Mar 5, 2021 8:53 PM

GBPUSD Long scenario  Short

FX:GBPUSD120
British Pound/U.S. DollarFXCM

Description

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1:8 risk to reward ratio. Price seems to have formed a head and shoulders, and is now breaking/retesting the neckline of this pattern. Expecting a rejection of this support now turned to resistance, and some nice bearish momentum. Let's see how it plays out⏳
Trend AnalysisChart PatternsGBPUSD
Comments
Godfather-Pips
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I see no reason why this shouldn't play out 👍🏿
rcjugg
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@Godfather-Pips, Me neither, confluences seem to be lining up nicely, let's see how it goes⏳
davidbarratt
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Head and shoulders is the retail pattern that fails the most. Good luck with that
rcjugg
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@davidbarratt, 👍
AlkalineFX
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Lot's of value!
rcjugg
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@AlkalineFX, Let's see how it goes
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