Here is the aftermath of the Heads and Shoulders pattern i earmarked 2 days ago. I have taken profit on my two shorts, One at 1:4 risk reward and the other at 1:6 risk reward making total profit of 10R.
I hope you enjoyed the trade traders. Follow me for more GBPUSD insights and check my profile for the buildup to this trade.
P.S I took the first trade before the H&S formed, it was based on a Short thesis I was already building due to the multi-year resistance at 1.35. The H&S was just a motivation to add to the position
I hope you enjoyed the trade traders. Follow me for more GBPUSD insights and check my profile for the buildup to this trade.
P.S I took the first trade before the H&S formed, it was based on a Short thesis I was already building due to the multi-year resistance at 1.35. The H&S was just a motivation to add to the position