FutureFx

Head & Shoulder pattern on GBPUSD!

Long
FX:GBPUSD   British Pound / U.S. Dollar
Price is busy forming a massive H&S pattern on the H4 & Daily time frame. If you look closer pair is rejecting 61.8% fib on H1 and is still trading above 20MA and 50MA. You will see lines a marked out that shows price is at a key level. Can either shoot up or go down. Manage risk carefully as it is NFP today.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.